Orion Capital Management LLC Acquires 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Orion Capital Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,491 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Orion Capital Management LLC’s holdings in PepsiCo were worth $423,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after purchasing an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new stake in PepsiCo during the 4th quarter valued at about $405,000. Manchester Capital Management LLC boosted its holdings in PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after acquiring an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC boosted its holdings in PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,159 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.1 %

Shares of NASDAQ:PEP traded up $0.25 during trading on Wednesday, hitting $176.16. The stock had a trading volume of 2,483,836 shares, compared to its average volume of 5,764,251. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a market capitalization of $242.18 billion, a PE ratio of 26.33, a PEG ratio of 2.87 and a beta of 0.53. The firm’s fifty day moving average is $169.74 and its 200 day moving average is $168.16. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

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

PepsiCo Increases Dividend

The business also recently disclosed 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. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 76.09%.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group increased their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.