PepsiCo, Inc. (NASDAQ:PEP) is Guyasuta Investment Advisors Inc.’s 7th Largest Position

Guyasuta Investment Advisors Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,120 shares of the company’s stock after selling 964 shares during the period. PepsiCo makes up about 3.1% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 7th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in PepsiCo were worth $42,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. 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 note on Wednesday, April 24th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Up 0.2 %

Shares of PEP traded up $0.43 during midday trading on Monday, hitting $176.01. The company had a trading volume of 1,389,829 shares, compared to its average volume of 5,800,046. The company’s 50-day simple moving average is $169.40 and its 200-day simple moving average is $167.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market capitalization of $241.98 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.86 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP) last posted 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 during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is currently 76.09%.

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.