Carl P. Sherr & Co. LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Carl P. Sherr & Co. LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 53.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,665 shares of the company’s stock after purchasing an additional 3,728 shares during the period. PepsiCo makes up about 1.1% of Carl P. Sherr & Co. LLC’s holdings, making the stock its 21st largest holding. Carl P. Sherr & Co. LLC’s holdings in PepsiCo were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Proquility Private Wealth Partners LLC boosted its position in PepsiCo by 1.1% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after purchasing an additional 57 shares during the period. Amplius Wealth Advisors LLC lifted its stake in shares of PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC grew its stake in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares during the period. Finally, Cassia Capital Partners LLC lifted its position in PepsiCo by 1.5% during the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP traded up $1.01 on Wednesday, reaching $168.51. 727,332 shares of the stock traded hands, compared to its average volume of 5,678,428. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a market cap of $231.62 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 0.53. The firm’s fifty day simple moving average is $168.62 and its 200 day simple moving average is $167.37. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02.

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

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Company 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.