TCG Advisory Services LLC Has $3.06 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

TCG Advisory Services LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 66.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,999 shares of the company’s stock after acquiring an additional 7,159 shares during the quarter. TCG Advisory Services LLC’s holdings in PepsiCo were worth $3,057,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AJOVista LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $93,000. Baxter Bros Inc. lifted its position in shares of PepsiCo by 1.6% in the fourth quarter. Baxter Bros Inc. now owns 20,331 shares of the company’s stock valued at $3,453,000 after buying an additional 312 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its stake in shares of PepsiCo by 7.1% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 95,454 shares of the company’s stock worth $16,212,000 after acquiring an additional 6,365 shares during the period. Provence Wealth Management Group raised its stake in PepsiCo by 3.5% in the 4th quarter. Provence Wealth Management Group now owns 3,114 shares of the company’s stock valued at $529,000 after acquiring an additional 104 shares during the period. Finally, Sapient Capital LLC acquired a new stake in PepsiCo during the 4th quarter valued at $3,357,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on PEP. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

PEP traded up $0.70 on Friday, hitting $176.15. 3,492,120 shares of the stock were exchanged, compared to its average volume of 5,328,097. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The firm has a market capitalization of $242.17 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.86 and a beta of 0.52. The business has a 50-day moving average of $170.01 and a two-hundred day moving average of $168.26.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

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.