PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by MONECO Advisors LLC

MONECO Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 49.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,437 shares of the company’s stock after purchasing an additional 2,462 shares during the quarter. MONECO Advisors LLC’s holdings in PepsiCo were worth $1,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Brighton Jones LLC lifted its holdings in PepsiCo by 1.2% in the fourth quarter. Brighton Jones LLC now owns 24,853 shares of the company’s stock valued at $4,221,000 after acquiring an additional 306 shares during the period. Mission Wealth Management LP lifted its holdings in PepsiCo by 1.6% in the fourth quarter. Mission Wealth Management LP now owns 23,747 shares of the company’s stock valued at $4,033,000 after acquiring an additional 368 shares during the period. Certuity LLC lifted its holdings in PepsiCo by 34.5% in the fourth quarter. Certuity LLC now owns 4,561 shares of the company’s stock valued at $775,000 after acquiring an additional 1,170 shares during the period. Penobscot Investment Management Company Inc. lifted its holdings in PepsiCo by 7.1% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 50,569 shares of the company’s stock valued at $8,589,000 after acquiring an additional 3,368 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its stake in shares of PepsiCo by 0.9% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 15,352 shares of the company’s stock worth $2,607,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. upped their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Stock Down 0.0 %

Shares of NASDAQ:PEP opened at $175.89 on Wednesday. The business has a 50-day moving average price of $169.74 and a 200 day moving average price of $168.16. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $241.81 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.87 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $1.50 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s payout ratio is currently 76.09%.

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.