Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,689 shares of the company’s stock after purchasing an additional 1,091 shares during the period. PepsiCo comprises 1.9% of Hudson Valley Investment Advisors Inc. ADV’s portfolio, making the stock its 13th largest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in PepsiCo were worth $7,757,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Prudential Financial Inc. lifted its position in shares of PepsiCo by 26.1% during the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of PepsiCo by 2.0% in the fourth quarter. Confluence Investment Management LLC now owns 1,154,250 shares of the company’s stock worth $138,418,000 after buying an additional 22,364 shares during the last quarter. Trust Department MB Financial Bank N A increased its stake in shares of PepsiCo by 17.4% in the fourth quarter. Trust Department MB Financial Bank N A now owns 94,650 shares of the company’s stock worth $11,350,000 after buying an additional 14,056 shares during the last quarter. Sawyer & Company Inc bought a new stake in shares of PepsiCo in the fourth quarter worth $1,681,000. Finally, First Citizens Bank & Trust Co. increased its stake in shares of PepsiCo by 49.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 37,754 shares of the company’s stock worth $4,527,000 after buying an additional 12,567 shares during the last quarter. 70.93% of the stock is currently owned by institutional investors and hedge funds.
PEP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Monday, December 4th. Deutsche Bank initiated coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target for the company. Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a research note on Friday, December 22nd. Wells Fargo & Co lifted their price target on shares of PepsiCo from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Finally, Jefferies Group reiterated a “hold” rating and set a $113.00 target price on shares of PepsiCo in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $123.04.
PepsiCo, Inc. (NASDAQ:PEP) traded down $1.00 during trading on Wednesday, hitting $112.60. 3,499,877 shares of the stock traded hands, compared to its average volume of 4,615,278. The company has a market capitalization of $160,220.00, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.68 and a beta of 0.69. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. PepsiCo, Inc. has a fifty-two week low of $106.19 and a fifty-two week high of $122.51.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. research analysts expect that PepsiCo, Inc. will post 5.7 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 annualized dividend and a dividend yield of 2.86%. PepsiCo’s dividend payout ratio is currently 63.26%.
PepsiCo announced that its board has authorized a stock repurchase program on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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PepsiCo Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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