Hoxton Planning & Management LLC Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Hoxton Planning & Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471 shares of the company’s stock after acquiring an additional 100 shares during the period. Hoxton Planning & Management LLC’s holdings in PepsiCo were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in shares of PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares during the last quarter. Morgan Stanley lifted its holdings in PepsiCo by 21.0% during the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after acquiring an additional 920,032 shares in the last quarter. Northern Trust Corp increased its holdings in shares of PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after acquiring an additional 595,357 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of PepsiCo during the 4th quarter worth about $2,519,707,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Barclays lifted their price target on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday. Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Trading Down 0.7 %

Shares of PEP stock opened at $166.95 on Tuesday. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The company has a market capitalization of $229.47 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.64 and a beta of 0.53. The firm has a 50-day moving average price of $168.70 and a 200 day moving average price of $167.38. 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 quarterly 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. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the prior year, the company posted $1.67 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share 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 dividend on an annualized basis and a dividend yield of 3.03%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

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.