PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,646,032 shares of the company’s stock after acquiring an additional 214,679 shares during the quarter. PepsiCo comprises approximately 0.9% of Stifel Financial Corp’s portfolio, making the stock its 12th largest holding. Stifel Financial Corp’s holdings in PepsiCo were worth $858,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 2.0 %

PEP opened at $142.84 on Monday. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company has a market cap of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The business’s fifty day moving average is $148.16 and its two-hundred day moving average is $154.74. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.79%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PEP shares. Bank of America restated a “neutral” rating and issued a $155.00 price target (down previously from $185.00) on shares of PepsiCo in a research report on Tuesday, April 15th. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target for the company. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. HSBC dropped their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $168.12.

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.