PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Slagle Financial LLC

Slagle Financial LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,599 shares of the company’s stock after acquiring an additional 2,747 shares during the period. PepsiCo accounts for 2.3% of Slagle Financial LLC’s holdings, making the stock its 9th biggest position. Slagle Financial LLC’s holdings in PepsiCo were worth $5,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Collier Financial bought a new position in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the 4th quarter worth $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo in the 4th quarter valued at $39,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.7 %

NASDAQ PEP opened at $149.67 on Friday. The firm has a market capitalization of $205.27 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The business’s 50-day moving average price is $149.23 and its two-hundred day moving average price is $158.37.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current 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 issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.62%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PEP shares. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price target on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $169.88.

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.