Capital Investment Counsel Inc Acquires 64 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Capital Investment Counsel Inc boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,116 shares of the company’s stock after acquiring an additional 64 shares during the period. Capital Investment Counsel Inc’s holdings in PepsiCo were worth $699,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PEP. Blue Chip Partners LLC raised its holdings in PepsiCo by 2.0% in the fourth quarter. Blue Chip Partners LLC now owns 114,427 shares of the company’s stock worth $19,434,000 after buying an additional 2,289 shares during the last quarter. Marco Investment Management LLC raised its holdings in PepsiCo by 5.1% in the fourth quarter. Marco Investment Management LLC now owns 3,280 shares of the company’s stock worth $557,000 after buying an additional 158 shares during the last quarter. Silver Oak Securities Incorporated raised its holdings in PepsiCo by 4.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 2,707 shares of the company’s stock worth $460,000 after buying an additional 124 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of PepsiCo by 10.6% in the fourth quarter. Magnus Financial Group LLC now owns 14,195 shares of the company’s stock worth $2,411,000 after acquiring an additional 1,366 shares during the period. Finally, Convergence Investment Partners LLC grew its stake in shares of PepsiCo by 145.8% in the fourth quarter. Convergence Investment Partners LLC now owns 6,981 shares of the company’s stock worth $1,186,000 after acquiring an additional 4,141 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.0 %

NASDAQ PEP traded down $0.01 during trading on Monday, reaching $175.57. 624,215 shares of the company’s stock traded hands, compared to its average volume of 5,788,374. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm has a market cap of $241.37 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company’s 50 day simple moving average is $169.40 and its two-hundred day simple moving average is $167.92. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter last year, the firm posted $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Barclays upped their price target on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.42.

About PepsiCo

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.