Naples Money Management LLC Invests $36,000 in PepsiCo, Inc. (NASDAQ:PEP)

Naples Money Management LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 209 shares of the company’s stock, valued at approximately $36,000.

Other large investors also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA boosted its position in shares of 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 acquiring an additional 70 shares during the last quarter. Life Planning Partners Inc bought a new stake in PepsiCo in the 4th quarter worth approximately $34,000. Avion Wealth lifted its position in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. Financial Connections Group Inc. bought a new stake in PepsiCo in the fourth quarter valued at approximately $44,000. Finally, Pacific Center for Financial Services bought a new stake in PepsiCo in the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.1 %

Shares of NASDAQ:PEP opened at $174.13 on Friday. The stock has a market capitalization of $239.34 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.70 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock’s 50-day simple moving average is $168.68 and its two-hundred day simple moving average is $167.45. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. During the same period last year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.91%. PepsiCo’s payout ratio is currently 77.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. Jefferies Financial Group boosted their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Barclays upped their price target on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.