Hays Advisory LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,153 shares of the company’s stock after acquiring an additional 608 shares during the quarter. Hays Advisory LLC’s holdings in PepsiCo were worth $378,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of PepsiCo during the fourth quarter worth about $201,000. Round Table Services LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $201,000. Cortland Associates Inc. MO bought a new position in shares of PepsiCo during the fourth quarter worth about $206,000. Bouchey Financial Group Ltd bought a new position in shares of PepsiCo during the fourth quarter worth about $214,000. Finally, Oakmont Partners LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $220,000. 70.79% of the stock is currently owned by institutional investors.
PEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. Wells Fargo raised their price target on PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Cowen restated a “buy” rating and issued a $133.00 price target on shares of PepsiCo in a research note on Tuesday, January 9th. Deutsche Bank initiated coverage on PepsiCo in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target for the company. Finally, Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. PepsiCo currently has an average rating of “Hold” and a consensus price target of $123.04.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The company had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $19.40 billion. During the same period last year, the firm posted $1.20 earnings per share. The business’s revenue was up .1% on a year-over-year basis. sell-side analysts anticipate that PepsiCo, Inc. will post 5.7 EPS for the current year.
PepsiCo announced that its board has initiated a share buyback plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be given a $0.805 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a dividend yield of 3.03%. PepsiCo’s payout ratio is 95.55%.
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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