PepsiCo, Inc. (NASDAQ:PEP) Stock Position Increased by CORDA Investment Management LLC.

CORDA Investment Management LLC. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 269,595 shares of the company’s stock after acquiring an additional 2,062 shares during the quarter. PepsiCo comprises about 3.3% of CORDA Investment Management LLC.’s portfolio, making the stock its 10th largest position. CORDA Investment Management LLC.’s holdings in PepsiCo were worth $40,995,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Paulson Wealth Management Inc. grew its position in PepsiCo by 2.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after acquiring an additional 60 shares during the last quarter. LCM Capital Management Inc boosted its stake in shares of PepsiCo by 0.8% during the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after purchasing an additional 62 shares during the period. Demars Financial Group LLC increased its stake in PepsiCo by 1.1% in 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. Tcfg Wealth Management LLC lifted its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after buying an additional 66 shares in the last quarter. Finally, BIP Wealth LLC boosted its position in PepsiCo by 1.9% in the 3rd quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock valued at $612,000 after buying an additional 67 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on PEP. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

Shares of PEP stock opened at $152.02 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $208.50 billion, a PE ratio of 21.87, a PEG ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The business’s fifty day simple moving average is $148.57 and its 200-day simple moving average is $161.73.

PepsiCo (NASDAQ:PEP) last released 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 company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. During the same period last year, the business posted $1.78 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

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.