Planning Directions Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,921 shares of the company’s stock after purchasing an additional 129 shares during the period. Planning Directions Inc.’s holdings in PepsiCo were worth $413,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. McClarren Financial Advisors Inc. acquired a new position in PepsiCo during the 4th quarter valued at $27,000. Emerson Wealth Management LLC bought a new stake in PepsiCo during the 1st quarter worth about $28,000. PrairieView Partners LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Inspire Advisors LLC bought a new position in PepsiCo during the 4th quarter worth approximately $31,000. Finally, Interactive Financial Advisors acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $33,000. 69.94% of the stock is owned by institutional investors.
NASDAQ PEP traded down $0.12 on Tuesday, reaching $145.67. The company had a trading volume of 117,295 shares, compared to its average volume of 5,645,717. The stock has a market capitalization of $201.26 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.63 and a beta of 0.57. The company’s fifty day moving average is $141.53 and its 200 day moving average is $140.48. PepsiCo, Inc. has a 52-week low of $126.53 and a 52-week high of $148.77. The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 2.79.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 14th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. On average, research analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were paid a dividend of $1.0225 per share. The ex-dividend date was Thursday, March 4th. This represents a $4.09 annualized dividend and a dividend yield of 2.81%. PepsiCo’s payout ratio is 73.96%.
Several brokerages recently commented on PEP. Royal Bank of Canada downgraded shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price for the company. in a report on Monday, January 4th. They noted that the move was a valuation call. Sanford C. Bernstein initiated coverage on shares of PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target for the company. Credit Suisse Group upped their target price on PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Friday, February 12th. Finally, UBS Group raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $145.00 to $165.00 in a research note on Tuesday, April 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $149.23.
PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
Featured Story: What economic reports are most valuable to investors?