AllSquare Wealth Management LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,058 shares of the company’s stock after purchasing an additional 600 shares during the period. AllSquare Wealth Management LLC’s holdings in PepsiCo were worth $602,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in PEP. Great West Life Assurance Co. Can increased its stake in PepsiCo by 50.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,937,391 shares of the company’s stock worth $257,555,000 after acquiring an additional 980,642 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in PepsiCo by 3,141.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 913,179 shares of the company’s stock valued at $135,424,000 after purchasing an additional 885,011 shares in the last quarter. Morgan Stanley lifted its position in PepsiCo by 6.5% during the third quarter. Morgan Stanley now owns 11,805,248 shares of the company’s stock valued at $1,636,208,000 after purchasing an additional 720,076 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in PepsiCo by 7.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,277,512 shares of the company’s stock valued at $1,147,262,000 after purchasing an additional 575,742 shares during the last quarter. Finally, CIBC World Markets Inc. grew its stake in PepsiCo by 177.7% in the 4th quarter. CIBC World Markets Inc. now owns 866,282 shares of the company’s stock worth $128,470,000 after buying an additional 554,330 shares in the last quarter. 69.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on PEP. Barclays reaffirmed a “neutral” rating on shares of PepsiCo in a report on Sunday, February 14th. Royal Bank of Canada cut PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective for the company. in a report on Monday, January 4th. They noted that the move was a valuation call. Wells Fargo & Company started coverage on PepsiCo in a research report on Monday, December 7th. They set an “equal weight” rating and a $157.00 price objective on the stock. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Friday, February 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $143.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. PepsiCo has a consensus rating of “Buy” and an average target price of $144.78.
NASDAQ PEP traded up $0.56 during trading on Tuesday, hitting $132.55. The company had a trading volume of 347,299 shares, compared to its average volume of 4,864,003. The company’s fifty day moving average is $139.12 and its 200-day moving average is $139.92. PepsiCo, Inc. has a one year low of $101.42 and a one year high of $148.77. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. The company has a market cap of $182.87 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, February 11th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.02. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. As a group, equities analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th will be issued a dividend of $1.0225 per share. The ex-dividend date is Thursday, March 4th. This represents a $4.09 annualized dividend and a dividend yield of 3.09%. PepsiCo’s payout ratio is presently 73.96%.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.
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