PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,693 shares of the company’s stock after purchasing an additional 5,078 shares during the quarter. PepsiCo comprises about 1.7% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 17th biggest holding. Raab & Moskowitz Asset Management LLC’s holdings in PepsiCo were worth $7,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cross Staff Investments Inc grew its holdings in PepsiCo by 0.9% during the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after purchasing an additional 60 shares during the period. Paulson Wealth Management Inc. boosted its position in shares of PepsiCo by 2.1% during the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after purchasing an additional 60 shares in the last quarter. LCM Capital Management Inc increased its position in shares of PepsiCo by 0.8% in the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after buying an additional 62 shares in the last quarter. Demars Financial Group LLC raised its stake in PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after buying an additional 62 shares during the period. Finally, Sigma Investment Counselors Inc. lifted its holdings in PepsiCo by 1.6% during the third quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock worth $733,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.1 %

Shares of PepsiCo stock opened at $143.99 on Thursday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business’s 50 day moving average is $150.73 and its 200-day moving average is $163.68. The stock has a market cap of $197.48 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm 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 company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Barclays cut their price objective 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. Finally, Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $171.47.

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.