Courier Capital LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,638 shares of the company’s stock after acquiring an additional 430 shares during the period. PepsiCo accounts for approximately 1.1% of Courier Capital LLC’s portfolio, making the stock its 22nd largest holding. Courier Capital LLC’s holdings in PepsiCo were worth $8,711,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of PEP. Lourd Capital LLC raised its position in shares of PepsiCo by 45.5% in the fourth quarter. Lourd Capital LLC now owns 8,287 shares of the company’s stock worth $994,000 after buying an additional 2,591 shares in the last quarter. St. Louis Trust Co purchased a new stake in shares of PepsiCo in the fourth quarter worth $504,000. Jennison Associates LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $590,000. Tower View Investment Management & Research LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $2,896,000. Finally, Tompkins Financial Corp raised its position in shares of PepsiCo by 1.2% in the fourth quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 70.79% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday, December 4th. SunTrust Banks assumed coverage on PepsiCo in a research report on Monday, January 29th. They set a “hold” rating and a $125.00 price target on the stock. Credit Suisse Group restated a “neutral” rating and set a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. Wells Fargo raised their price target on PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. Finally, BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $123.04.
PEP stock opened at $106.15 on Friday. PepsiCo, Inc. has a 12 month low of $105.94 and a 12 month high of $122.51. The stock has a market capitalization of $154,350.44, a PE ratio of 31.50, a PEG ratio of 2.57 and a beta of 0.69. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The firm had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $19.40 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts anticipate that PepsiCo, Inc. will post 5.7 EPS for the current fiscal year.
PepsiCo declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.805 per share. The ex-dividend date is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a dividend yield of 3.03%. PepsiCo’s dividend payout ratio (DPR) is currently 95.55%.
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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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