Successful Portfolios LLC Has $734,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Successful Portfolios LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,319 shares of the company’s stock after selling 88 shares during the period. Successful Portfolios LLC’s holdings in PepsiCo were worth $734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. DHJJ Financial Advisors Ltd. acquired a new stake in PepsiCo in the third quarter valued at approximately $25,000. Pacifica Partners Inc. acquired a new stake in PepsiCo in the third quarter valued at approximately $27,000. West Tower Group LLC acquired a new stake in PepsiCo in the second quarter valued at approximately $36,000. VitalStone Financial LLC bought a new position in shares of PepsiCo during the second quarter valued at $46,000. Finally, Pacific Center for Financial Services bought a new position in shares of PepsiCo during the first quarter valued at $47,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Friday, February 9th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Barclays lifted their price objective on shares of PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $0.84 during midday trading on Wednesday, hitting $173.57. The company’s stock had a trading volume of 4,595,362 shares, compared to its average volume of 5,942,858. The stock has a fifty day moving average price of $167.96 and a 200 day moving average price of $167.95. 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 $238.57 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.70 and a beta of 0.53. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results 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 business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be paid a $1.265 dividend. The ex-dividend date is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.92%. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

PepsiCo Company Profile

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.