PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Certuity LLC

Certuity LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 33.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,222 shares of the company’s stock after purchasing an additional 1,070 shares during the period. Certuity LLC’s holdings in PepsiCo were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. AMF Tjanstepension AB grew its position in PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after buying an additional 40,031 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 3rd quarter worth approximately $44,000. Swedbank AB increased its stake in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in PepsiCo by 3.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 63,223 shares of the company’s stock worth $10,909,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its holdings in PepsiCo by 3.5% in the third quarter. Capital Advisors Wealth Management LLC now owns 5,017 shares of the company’s stock valued at $853,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PEP shares. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Barclays lowered their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

PepsiCo stock opened at $143.99 on Thursday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The firm has a 50 day moving average price of $150.73 and a 200 day moving average price of $163.68. The company has a market cap of $197.48 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

PepsiCo 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.