Crossvault Capital Management LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,862 shares of the company’s stock after acquiring an additional 157 shares during the quarter. PepsiCo comprises approximately 3.9% of Crossvault Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Crossvault Capital Management LLC’s holdings in PepsiCo were worth $10,872,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the company. Meridian Financial Partners LLC increased its stake in PepsiCo by 3.4% in the first quarter. Meridian Financial Partners LLC now owns 2,136 shares of the company’s stock valued at $311,000 after purchasing an additional 70 shares during the last quarter. Profit Investment Management LLC increased its stake in PepsiCo by 1.7% during the first quarter. Profit Investment Management LLC now owns 4,192 shares of the company’s stock worth $593,000 after acquiring an additional 71 shares during the last quarter. Lbmc Investment Advisors LLC increased its stake in PepsiCo by 1.8% during the first quarter. Lbmc Investment Advisors LLC now owns 3,920 shares of the company’s stock worth $554,000 after acquiring an additional 71 shares during the last quarter. CFO4Life Group LLC increased its stake in PepsiCo by 0.4% during the fourth quarter. CFO4Life Group LLC now owns 17,973 shares of the company’s stock worth $2,665,000 after acquiring an additional 73 shares during the last quarter. Finally, Financial Planning & Information Services Inc. increased its stake in PepsiCo by 3.8% during the first quarter. Financial Planning & Information Services Inc. now owns 1,998 shares of the company’s stock worth $283,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock.
PEP has been the subject of a number of recent research reports. Wolfe Research initiated coverage on PepsiCo in a research note on Monday, April 19th. They issued a “peer perform” rating for the company. Sanford C. Bernstein initiated coverage on PepsiCo in a research note on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 target price for the company. Barclays upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 target price for the company in a research note on Monday, March 29th. Royal Bank of Canada lowered PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price for the company. in a research note on Monday, January 4th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $145.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $149.23.
Shares of PepsiCo stock traded down $0.26 on Tuesday, reaching $145.53. 103,911 shares of the company were exchanged, compared to its average volume of 5,645,717. PepsiCo, Inc. has a 1-year low of $126.53 and a 1-year high of $148.77. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. The firm has a market cap of $201.07 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 3.63 and a beta of 0.57. The company’s 50-day moving average is $141.53 and its two-hundred day moving average is $140.48.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The firm had revenue of $14.82 billion for the quarter, compared to analysts’ expectations of $14.54 billion. During the same period last year, the firm earned $1.07 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were given a dividend of $1.0225 per share. This represents a $4.09 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, March 4th. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.
PepsiCo, Inc operates as a food and beverage company 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.
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