McAdam LLC Purchases 84 Shares of PepsiCo, Inc. (NASDAQ:PEP)

McAdam LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,638 shares of the company’s stock after buying an additional 84 shares during the quarter. McAdam LLC’s holdings in PepsiCo were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after purchasing an additional 920,032 shares during the period. Northern Trust Corp lifted 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 worth $2,859,812,000 after acquiring an additional 595,357 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PepsiCo by 9.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock valued at $1,239,629,000 after purchasing an additional 608,321 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of PepsiCo by 2.1% during the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after buying an additional 142,243 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.3 %

PEP opened at $176.14 on Tuesday. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average price of $169.60 and a 200-day moving average price of $168.05. The stock has a market capitalization of $242.16 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $1.265 per share. 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 76.09%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PEP. Barclays increased their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Jefferies Financial Group lifted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. 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 research report on Monday, March 18th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and an average target price of $187.42.

About PepsiCo

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.