Montis Financial LLC Has $782,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Montis Financial LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,607 shares of the company’s stock after buying an additional 440 shares during the quarter. Montis Financial LLC’s holdings in PepsiCo were worth $782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sweet Financial Partners LLC grew its holdings in shares of PepsiCo by 15.6% during the third quarter. Sweet Financial Partners LLC now owns 12,418 shares of the company’s stock worth $2,104,000 after buying an additional 1,678 shares in the last quarter. Toews Corp ADV bought a new position in shares of PepsiCo during the 3rd quarter worth approximately $779,000. Accurate Wealth Management LLC lifted its position in shares of PepsiCo by 4.7% in the third quarter. Accurate Wealth Management LLC now owns 22,218 shares of the company’s stock worth $3,564,000 after purchasing an additional 991 shares in the last quarter. Vicus Capital boosted its position in PepsiCo by 37.4% during the third quarter. Vicus Capital now owns 3,812 shares of the company’s stock valued at $646,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Hendershot Investments Inc. grew its stake in PepsiCo by 0.6% in the third quarter. Hendershot Investments Inc. now owns 92,704 shares of the company’s stock valued at $15,708,000 after purchasing an additional 586 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.2 %

Shares of NASDAQ:PEP traded up $0.30 during midday trading on Thursday, reaching $175.45. The company’s stock had a trading volume of 3,964,396 shares, compared to its average volume of 5,767,934. The firm has a market capitalization of $241.21 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 2.87 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a 50 day moving average price of $169.87 and a two-hundred day moving average price of $168.21.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 76.09%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PEP shares. Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Barclays raised their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo 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.