RiverFront Investment Group LLC Grows Stake in PepsiCo (PEP)

RiverFront Investment Group LLC raised its holdings in shares of PepsiCo (NASDAQ:PEP) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,653 shares of the company’s stock after buying an additional 963 shares during the quarter. RiverFront Investment Group LLC’s holdings in PepsiCo were worth $19,021,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $201,000. Round Table Services LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $201,000. Cortland Associates Inc. MO purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $206,000. Northwest Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $209,000. Finally, DT Investment Partners LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $212,000. 70.84% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently issued reports on PEP shares. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Deutsche Bank began coverage on shares of PepsiCo in a report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price objective for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 target price on shares of PepsiCo in a research note on Friday, December 22nd. Wells Fargo increased their target price on shares of PepsiCo from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $113.00 target price on shares of PepsiCo in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $123.04.

Shares of PEP stock 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. The stock has a market cap of $156,948.03, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.62 and a beta of 0.66. PepsiCo has a 1-year low of $105.94 and a 1-year high of $122.51.

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

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

PepsiCo announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 13th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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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.

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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