Bigelow Investment Advisors LLC Has $1.88 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bigelow Investment Advisors LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,047 shares of the company’s stock after selling 299 shares during the quarter. PepsiCo makes up approximately 1.0% of Bigelow Investment Advisors LLC’s holdings, making the stock its 25th largest holding. Bigelow Investment Advisors LLC’s holdings in PepsiCo were worth $1,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Zhang Financial LLC lifted its holdings in PepsiCo by 6.9% during the 4th quarter. Zhang Financial LLC now owns 18,804 shares of the company’s stock worth $3,194,000 after buying an additional 1,211 shares in the last quarter. HTLF Bank acquired a new position in PepsiCo during the 4th quarter worth $3,372,000. Lafayette Investments Inc. lifted its holdings in PepsiCo by 9.9% during the 4th quarter. Lafayette Investments Inc. now owns 39,264 shares of the company’s stock worth $6,669,000 after buying an additional 3,553 shares in the last quarter. Colton Groome Financial Advisors LLC lifted its holdings in PepsiCo by 35.3% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 6,817 shares of the company’s stock worth $1,158,000 after buying an additional 1,780 shares in the last quarter. Finally, Sterling Financial Planning Inc. lifted its holdings in PepsiCo by 3.6% during the 4th quarter. Sterling Financial Planning Inc. now owns 2,939 shares of the company’s stock worth $499,000 after buying an additional 103 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on PEP shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Jefferies Financial Group upped their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Up 1.1 %

Shares of PepsiCo stock traded up $1.86 during trading hours on Friday, reaching $174.13. 6,629,546 shares of the company’s stock were exchanged, compared to its average volume of 5,735,584. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The stock has a market cap of $239.34 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.66 and a beta of 0.53. The company has a 50 day moving average of $168.55 and a two-hundred day moving average of $167.42. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same period last year, the business posted $1.67 EPS. PepsiCo’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.91%. PepsiCo’s dividend payout ratio is currently 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.