PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Trimmed by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,541 shares of the company’s stock after selling 452 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in PepsiCo were worth $1,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PEP. International Assets Investment Management LLC grew its holdings in shares of PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after acquiring an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of PepsiCo during the third quarter valued at $329,179,000. Flossbach Von Storch AG grew its holdings in shares of PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after buying an additional 1,495,586 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after buying an additional 1,470,064 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of PepsiCo by 68.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock valued at $496,382,000 after buying an additional 1,183,371 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PEP shares. Jefferies Financial Group lifted their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays boosted their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Price Performance

Shares of PEP stock traded up $0.70 during trading hours on Friday, hitting $176.15. The company had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The firm has a market capitalization of $242.17 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.87 and a beta of 0.52. The firm’s fifty day moving average is $170.14 and its 200 day moving average is $168.36. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s dividend payout ratio is 76.09%.

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.