PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,847 shares of the company’s stock after acquiring an additional 1,160 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in PepsiCo were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the third quarter worth approximately $31,000. Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at $44,000. Finally, Global Wealth Strategies & Associates boosted its holdings in PepsiCo by 145.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

Shares of PEP opened at $150.27 on Tuesday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market cap of $206.17 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a 50-day moving average price of $153.12 and a two-hundred day moving average price of $164.85. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.95 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. Equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $172.00 price target on shares of PepsiCo in a research report on Wednesday, January 29th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $176.73.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.