Peddock Capital Advisors LLC Acquires 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Peddock Capital Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,522 shares of the company’s stock after buying an additional 100 shares during the period. Peddock Capital Advisors LLC’s holdings in PepsiCo were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PEP. Concord Wealth Partners raised its holdings in PepsiCo by 5.1% during the third quarter. Concord Wealth Partners now owns 12,891 shares of the company’s stock worth $2,184,000 after buying an additional 622 shares during the last quarter. Everhart Financial Group Inc. lifted its position in PepsiCo by 0.9% in the 3rd quarter. Everhart Financial Group Inc. now owns 7,621 shares of the company’s stock valued at $1,291,000 after acquiring an additional 66 shares in the last quarter. Hixon Zuercher LLC boosted its stake in PepsiCo by 8.6% during the 3rd quarter. Hixon Zuercher LLC now owns 30,357 shares of the company’s stock valued at $5,144,000 after purchasing an additional 2,411 shares during the last quarter. JB Capital LLC raised its stake in shares of PepsiCo by 780.2% in the third quarter. JB Capital LLC now owns 46,112 shares of the company’s stock worth $7,813,000 after purchasing an additional 40,873 shares during the last quarter. Finally, WealthShield Partners LLC lifted its holdings in shares of PepsiCo by 1.3% in the third quarter. WealthShield Partners LLC now owns 9,383 shares of the company’s stock valued at $1,590,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PEP. Jefferies Financial Group upped their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Stock Up 1.3 %

NASDAQ PEP traded up $2.20 during trading hours on Tuesday, reaching $178.02. 3,425,581 shares of the company’s stock traded hands, compared to its average volume of 5,690,610. The firm has a market cap of $244.74 billion, a PE ratio of 26.77, a PEG ratio of 2.87 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The firm has a 50-day simple moving average of $170.49 and a 200 day simple moving average of $168.70.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) 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 business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate 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. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.04%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 76.09%.

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.