Everett Harris & Co. CA Purchases 10,795 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Everett Harris & Co. CA boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416,194 shares of the company’s stock after purchasing an additional 10,795 shares during the quarter. PepsiCo comprises about 1.0% of Everett Harris & Co. CA’s portfolio, making the stock its 25th biggest holding. Everett Harris & Co. CA’s holdings in PepsiCo were worth $70,686,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Accel Wealth Management increased its holdings in PepsiCo by 0.9% in the 4th quarter. Accel Wealth Management now owns 11,481 shares of the company’s stock worth $1,950,000 after purchasing an additional 104 shares in the last quarter. Trueblood Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth $890,000. Maltin Wealth Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter worth $1,226,000. Pettinga Financial Advisors LLC raised its position in PepsiCo by 13.1% during the 4th quarter. Pettinga Financial Advisors LLC now owns 1,757 shares of the company’s stock worth $298,000 after purchasing an additional 203 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE boosted its holdings in PepsiCo by 1.0% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 25,392 shares of the company’s stock valued at $4,313,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.8 %

Shares of NASDAQ:PEP traded up $1.44 on Thursday, reaching $175.01. The company had a trading volume of 5,710,410 shares, compared to its average volume of 5,942,093. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $240.55 billion, a PE ratio of 26.64, a PEG ratio of 2.70 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The firm’s 50 day simple moving average is $168.10 and its 200-day simple moving average is $167.99.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.77.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods 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.