KCM Investment Advisors LLC Purchases 622 Shares of PepsiCo, Inc. (NASDAQ:PEP)
KCM Investment Advisors LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 48,710 shares of the company’s stock after buying an additional 622 shares during the period. KCM Investment Advisors LLC’s holdings in PepsiCo were worth $6,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. PSI Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $25,000. Evolution Wealth Advisors LLC boosted its holdings in PepsiCo by 221.0% in the 4th quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock valued at $27,000 after purchasing an additional 137 shares during the period. Permanens Capital L.P. boosted its holdings in PepsiCo by 511.4% in the 4th quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock valued at $37,000 after purchasing an additional 225 shares during the period. Exchange Traded Concepts LLC bought a new stake in PepsiCo in the 4th quarter valued at about $40,000. Finally, Simon Quick Advisors LLC boosted its holdings in PepsiCo by 53.9% in the 4th quarter. Simon Quick Advisors LLC now owns 337 shares of the company’s stock valued at $46,000 after purchasing an additional 118 shares during the period. 71.73% of the stock is owned by institutional investors.
A number of analysts have issued reports on PEP shares. DZ Bank reissued a “buy” rating on shares of PepsiCo in a report on Thursday. Cfra raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating and cut their price objective for the company from $160.00 to $145.00 in a report on Friday, March 20th. SunTrust Banks boosted their price objective on shares of PepsiCo to and gave the company a “hold” rating in a report on Friday, February 14th. Citigroup boosted their price objective on shares of PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Deutsche Bank cut their price objective on shares of PepsiCo from $145.00 to $143.00 and set a “hold” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $139.20.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, February 13th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.44 by $0.01. The company had revenue of $20.64 billion during the quarter, compared to analysts’ expectations of $20.24 billion. PepsiCo had a net margin of 10.89% and a return on equity of 54.16%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 EPS. Research analysts expect that PepsiCo, Inc. will post 5.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, March 5th. PepsiCo’s dividend payout ratio is 69.08%.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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