Personal Capital Advisors Corp Has $4.96 Million Holdings in PepsiCo, Inc. (PEP)
Personal Capital Advisors Corp raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 37.2% in the fourth quarter, HoldingsChannel reports. The firm owned 41,350 shares of the company’s stock after acquiring an additional 11,211 shares during the quarter. Personal Capital Advisors Corp’s holdings in PepsiCo were worth $4,959,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Rockland Trust Co. lifted its holdings in PepsiCo by 2.7% during the 4th quarter. Rockland Trust Co. now owns 145,893 shares of the company’s stock worth $17,495,000 after purchasing an additional 3,876 shares during the last quarter. LGT Capital Partners LTD. lifted its holdings in PepsiCo by 2.2% during the 4th quarter. LGT Capital Partners LTD. now owns 177,753 shares of the company’s stock worth $21,316,000 after purchasing an additional 3,780 shares during the last quarter. Prudential Financial Inc. lifted its holdings in PepsiCo by 26.1% during the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares during the last quarter. Broadleaf Partners LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $448,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in PepsiCo by 11.8% during the 4th quarter. Indiana Trust & Investment Management CO now owns 28,309 shares of the company’s stock worth $3,395,000 after purchasing an additional 2,998 shares during the last quarter. 70.93% of the stock is owned by institutional investors.
Several analysts recently weighed in on PEP shares. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Susquehanna Bancshares lifted their price target on PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a report on Monday, February 12th. TheStreet cut PepsiCo from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. SunTrust Banks began coverage on PepsiCo in a report on Monday, January 29th. They issued a “hold” rating and a $125.00 price objective for the company. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $113.00 price objective on shares of PepsiCo in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. PepsiCo currently has an average rating of “Hold” and an average price target of $123.04.
PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The business had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. PepsiCo’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. sell-side analysts expect that PepsiCo, Inc. will post 5.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.83%. PepsiCo’s dividend payout ratio is currently 63.26%.
PepsiCo announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 13th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.