Professional Advisory Services Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,335 shares of the company’s stock after buying an additional 970 shares during the period. PepsiCo comprises about 4.3% of Professional Advisory Services Inc.’s holdings, making the stock its largest holding. Professional Advisory Services Inc.’s holdings in PepsiCo were worth $20,307,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its holdings in PepsiCo by 26.1% in the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock valued at $485,168,000 after purchasing an additional 899,911 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new position in PepsiCo in the fourth quarter valued at $201,000. Confluence Investment Management LLC boosted its holdings in PepsiCo by 2.0% in the fourth quarter. Confluence Investment Management LLC now owns 1,154,250 shares of the company’s stock valued at $138,418,000 after purchasing an additional 22,364 shares during the period. Gillespie Robinson & Grimm Inc. boosted its holdings in PepsiCo by 2.8% in the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 209,803 shares of the company’s stock valued at $25,160,000 after purchasing an additional 5,738 shares during the period. Finally, Chesley Taft & Associates LLC boosted its holdings in PepsiCo by 0.3% in the fourth quarter. Chesley Taft & Associates LLC now owns 250,366 shares of the company’s stock valued at $30,024,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 70.93% of the company’s stock.
Shares of PepsiCo, Inc. (PEP) opened at $112.75 on Tuesday. PepsiCo, Inc. has a 52 week low of $106.19 and a 52 week high of $122.51. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. The firm has a market capitalization of $160,090.00, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.68 and a beta of 0.69.
PepsiCo announced that its board has authorized a share buyback plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio is presently 63.26%.
A number of research firms recently issued reports on PEP. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $120.00 target price on shares of PepsiCo in a report on Friday, December 22nd. Jefferies Group reiterated a “hold” rating and issued a $113.00 target price on shares of PepsiCo in a report on Tuesday, February 13th. SunTrust Banks decreased their target price on PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. decreased their target price on PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $123.04.
PepsiCo Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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