Brighton Jones LLC Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Brighton Jones LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 24,853 shares of the company’s stock after buying an additional 306 shares during the period. Brighton Jones LLC’s holdings in PepsiCo were worth $4,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC grew its position in shares of PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after purchasing an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in PepsiCo during the 4th quarter valued at approximately $405,000. Manchester Capital Management LLC grew its holdings in PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1 %

Shares of NASDAQ:PEP traded down $0.23 on Tuesday, reaching $175.91. The company had a trading volume of 4,465,101 shares, compared to its average volume of 5,806,826. 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 $169.60 and its 200-day simple moving average is $168.05. The firm has a market capitalization of $241.84 billion, a PE ratio of 26.42, a PEG ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the previous year, the business earned $1.50 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.08%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 76.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Finally, Jefferies Financial Group raised their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo 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.