PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Webster Bank N. A.

Webster Bank N. A. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,201 shares of the company’s stock after buying an additional 1,287 shares during the period. PepsiCo makes up about 1.0% of Webster Bank N. A.’s investment portfolio, making the stock its 23rd largest holding. Webster Bank N. A.’s holdings in PepsiCo were worth $8,356,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. DHJJ Financial Advisors Ltd. purchased a new stake in PepsiCo during the third quarter valued at about $25,000. Pacifica Partners Inc. purchased a new position in PepsiCo during the 3rd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA raised its stake in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter worth $34,000. Finally, West Tower Group LLC purchased a new position in shares of PepsiCo during the second quarter valued at $36,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PEP. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $185.00 to $176.00 in a research report on Tuesday, December 19th. Finally, lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $187.77.

View Our Latest Analysis on PEP

PepsiCo Stock Down 0.9 %

Shares of PepsiCo stock opened at $171.44 on Wednesday. The company has a market capitalization of $235.65 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The business has a 50-day moving average of $168.60 and a two-hundred day moving average of $167.80. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is 77.02%.

PepsiCo Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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