Family Legacy Inc. Has $1.55 Million Holdings in PepsiCo (PEP)

Family Legacy Inc. grew its stake in PepsiCo (NASDAQ:PEP) by 43.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,927 shares of the company’s stock after acquiring an additional 3,927 shares during the period. PepsiCo accounts for about 1.4% of Family Legacy Inc.’s investment portfolio, making the stock its 25th biggest position. Family Legacy Inc.’s holdings in PepsiCo were worth $1,550,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Kovack Advisors Inc. purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $582,000. Hendley & Co. Inc. raised its stake in shares of PepsiCo by 2.0% in the 4th quarter. Hendley & Co. Inc. now owns 22,912 shares of the company’s stock valued at $2,748,000 after acquiring an additional 453 shares during the period. RiverFront Investment Group LLC raised its stake in shares of PepsiCo by 0.6% in the 4th quarter. RiverFront Investment Group LLC now owns 158,653 shares of the company’s stock valued at $19,021,000 after acquiring an additional 963 shares during the period. Boston Partners raised its stake in shares of PepsiCo by 9.1% in the 4th quarter. Boston Partners now owns 1,997,570 shares of the company’s stock valued at $239,549,000 after acquiring an additional 166,928 shares during the period. Finally, Halbert Hargrove Russell LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $229,000. 70.84% of the stock is currently owned by institutional investors and hedge funds.

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NASDAQ PEP opened at $109.30 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. PepsiCo has a 52 week low of $105.94 and a 52 week high of $122.51. The company has a market cap of $156,948.03, a price-to-earnings ratio of 20.90, a PEG ratio of 2.62 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The company had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $19.40 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm’s revenue was up .1% on a year-over-year basis. research analysts expect that PepsiCo will post 5.7 EPS for the current fiscal year.

PepsiCo declared that its board has approved a stock repurchase program on Tuesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is presently 61.57%.

Several equities research analysts recently weighed in on the stock. TheStreet downgraded shares of PepsiCo from a “b-” rating to a “c+” rating in a research note on Thursday, March 1st. SunTrust Banks cut their target price on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, February 14th. JPMorgan Chase cut their target price on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Jefferies Group reaffirmed a “hold” rating and set a $113.00 target price on shares of PepsiCo in a research note on Tuesday, February 13th. Finally, Susquehanna Bancshares upped their target price on shares of PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PepsiCo has an average rating of “Hold” and a consensus price target of $123.04.

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PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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