TRUE Private Wealth Advisors Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

TRUE Private Wealth Advisors lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,599 shares of the company’s stock after purchasing an additional 3,788 shares during the period. PepsiCo accounts for approximately 0.7% of TRUE Private Wealth Advisors’ portfolio, making the stock its 26th largest position. TRUE Private Wealth Advisors’ holdings in PepsiCo were worth $5,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its stake in shares of PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Morgan Stanley increased its position in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after acquiring an additional 4,629,947 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after acquiring an additional 920,032 shares in the last quarter. Northern Trust Corp increased its position in shares of PepsiCo by 3.7% during the third 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 in the last quarter. Finally, Norges Bank bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $2,519,707,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.5 %

Shares of PEP traded up $0.84 during mid-day trading on Wednesday, hitting $168.34. The company’s stock had a trading volume of 825,904 shares, compared to its average volume of 5,681,058. The firm has a market capitalization of $231.39 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.62 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. 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 company’s 50-day moving average is $168.62 and its 200-day moving average is $167.37.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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 3.01%. PepsiCo’s dividend payout ratio is currently 77.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PEP shares. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. 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 report on Friday, April 5th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and a consensus target price of $186.92.

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.