Main Street Research LLC Buys 642 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Main Street Research LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 34.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,492 shares of the company’s stock after acquiring an additional 642 shares during the period. Main Street Research LLC’s holdings in PepsiCo were worth $426,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in shares of PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after buying an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of PepsiCo during the fourth quarter worth $405,000. Manchester Capital Management LLC boosted its position in shares of PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after purchasing an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in shares of PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $195.00 in a research note on Monday, February 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Barclays lifted their price target on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $1.50 during trading on Tuesday, hitting $168.45. 2,054,192 shares of the stock were exchanged, compared to its average volume of 5,712,056. The stock has a market capitalization of $231.54 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The company has a fifty day moving average price of $168.70 and a 200-day moving average price of $167.38. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is presently 77.02%.

PepsiCo Profile

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.