Franklin Parlapiano Turner & Welch LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,354 shares of the company’s stock after buying an additional 1,109 shares during the period. PepsiCo makes up 2.0% of Franklin Parlapiano Turner & Welch LLC’s portfolio, making the stock its 18th biggest position. Franklin Parlapiano Turner & Welch LLC’s holdings in PepsiCo were worth $4,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of PEP. First National Bank of Mount Dora Trust Investment Services purchased a new position in PepsiCo in the fourth quarter valued at about $201,000. Round Table Services LLC purchased a new position in PepsiCo in the fourth quarter valued at about $201,000. Bouchey Financial Group Ltd purchased a new position in PepsiCo in the fourth quarter valued at about $214,000. Oakmont Partners LLC purchased a new position in PepsiCo in the fourth quarter valued at about $220,000. Finally, KCS Wealth Advisory purchased a new position in PepsiCo in the fourth quarter valued at about $239,000. 70.79% of the stock is owned by institutional investors.
PepsiCo, Inc. (NASDAQ:PEP) opened at $110.36 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03. PepsiCo, Inc. has a 1-year low of $106.19 and a 1-year high of $122.51. The company has a market capitalization of $158,518.53, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.69.
PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $19.40 billion. During the same quarter last year, the business posted $1.20 EPS. PepsiCo’s quarterly revenue was up .1% compared to the same quarter last year. sell-side analysts expect that PepsiCo, Inc. will post 5.7 earnings per share for the current year.
PepsiCo declared that its board has approved a share repurchase program on Tuesday, February 13th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio is presently 95.55%.
A number of research analysts recently commented on the company. BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a report on Friday, December 22nd. Jefferies Group reissued a “hold” rating and issued a $113.00 price target on shares of PepsiCo in a report on Tuesday, February 13th. SunTrust Banks reduced their price target on PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. reduced their price target on PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $123.04.
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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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