Hendley & Co. Inc. Boosts Stake in PepsiCo (PEP)

Hendley & Co. Inc. lifted its position in PepsiCo (NASDAQ:PEP) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,912 shares of the company’s stock after purchasing an additional 453 shares during the quarter. PepsiCo accounts for about 1.4% of Hendley & Co. Inc.’s holdings, making the stock its 29th largest holding. Hendley & Co. Inc.’s holdings in PepsiCo were worth $2,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First American Bank boosted its holdings in shares of PepsiCo by 0.8% in the 4th quarter. First American Bank now owns 325,831 shares of the company’s stock worth $39,073,000 after purchasing an additional 2,567 shares in the last quarter. Harbor Advisory Corp MA purchased a new position in shares of PepsiCo in the 4th quarter worth about $2,744,000. LGT Capital Partners LTD. boosted its holdings in shares of PepsiCo by 2.2% in the 4th quarter. LGT Capital Partners LTD. now owns 177,753 shares of the company’s stock worth $21,316,000 after purchasing an additional 3,780 shares in the last quarter. Trust Department MB Financial Bank N A boosted its holdings in shares of PepsiCo by 17.4% in the 4th quarter. Trust Department MB Financial Bank N A now owns 94,650 shares of the company’s stock worth $11,350,000 after purchasing an additional 14,056 shares in the last quarter. Finally, Rockland Trust Co. boosted its holdings in shares of PepsiCo by 2.7% in the 4th quarter. Rockland Trust Co. now owns 145,893 shares of the company’s stock worth $17,495,000 after purchasing an additional 3,876 shares in the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.

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PEP has been the subject of a number of research reports. Cowen reiterated a “buy” rating and issued a $133.00 price objective on shares of PepsiCo in a report on Tuesday, January 9th. Deutsche Bank initiated coverage on PepsiCo in a report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price objective for the company. TheStreet cut PepsiCo from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. Jefferies Group reiterated a “hold” rating and issued a $113.00 price objective on shares of PepsiCo in a report on Thursday, January 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $120.00 price objective on shares of PepsiCo in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PepsiCo presently has an average rating of “Hold” and an average price target of $123.04.

NASDAQ PEP opened at $109.30 on Friday. PepsiCo has a 1-year low of $105.94 and a 1-year high of $122.51. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.37. The stock has a market capitalization of $156,948.03, a PE ratio of 20.90, a P/E/G ratio of 2.62 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $19.40 billion. During the same quarter in the previous year, the company posted $1.20 EPS. PepsiCo’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts forecast that PepsiCo will post 5.7 earnings per share for the current year.

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

PepsiCo announced that its board has authorized a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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PepsiCo Company 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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