Philadelphia Trust Co. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,343 shares of the company’s stock after acquiring an additional 300 shares during the period. Philadelphia Trust Co.’s holdings in PepsiCo were worth $1,534,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. bought a new position in shares of PepsiCo in the fourth quarter worth approximately $27,000. PrairieView Partners LLC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $30,000. Interactive Financial Advisors bought a new position in shares of PepsiCo in the fourth quarter worth approximately $33,000. Catalyst Private Wealth LLC bought a new position in shares of PepsiCo in the third quarter worth approximately $34,000. Finally, Baron Financial Group LLC bought a new position in shares of PepsiCo in the third quarter worth approximately $35,000. 69.94% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on PEP shares. Sanford C. Bernstein started coverage on shares of PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price objective on the stock. Barclays reiterated a “neutral” rating on shares of PepsiCo in a research report on Sunday, February 14th. Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a research report on Monday, January 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Friday, February 12th. Finally, Wells Fargo & Company assumed coverage on shares of PepsiCo in a research report on Monday, December 7th. They set an “equal weight” rating and a $157.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. PepsiCo currently has a consensus rating of “Buy” and an average target price of $144.78.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, February 11th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. As a group, equities research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Friday, March 5th will be paid a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, March 4th. PepsiCo’s payout ratio is 73.96%.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.
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