PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,123 shares of the company’s stock after purchasing an additional 1,104 shares during the quarter. Fidelis Capital Partners LLC’s holdings in PepsiCo were worth $1,549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Western Wealth Management LLC boosted its holdings in PepsiCo by 3.0% in the fourth quarter. Western Wealth Management LLC now owns 16,280 shares of the company’s stock valued at $2,765,000 after purchasing an additional 472 shares in the last quarter. Xponance Inc. raised its stake in shares of PepsiCo by 1.3% during the fourth quarter. Xponance Inc. now owns 277,606 shares of the company’s stock worth $47,149,000 after purchasing an additional 3,670 shares during the last quarter. Integral Investment Advisors Inc. raised its stake in shares of PepsiCo by 13.9% during the fourth quarter. Integral Investment Advisors Inc. now owns 2,974 shares of the company’s stock worth $505,000 after purchasing an additional 364 shares during the last quarter. Ninety One SA PTY Ltd raised its stake in shares of PepsiCo by 21.9% during the fourth quarter. Ninety One SA PTY Ltd now owns 67,294 shares of the company’s stock worth $11,416,000 after purchasing an additional 12,087 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in shares of PepsiCo by 28.5% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 4,318 shares of the company’s stock worth $733,000 after purchasing an additional 957 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP traded up $2.79 during trading hours on Thursday, reaching $172.27. 5,573,781 shares of the company traded hands, compared to its average volume of 5,722,261. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $236.79 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The stock has a fifty day simple moving average of $168.58 and a 200 day simple moving average of $167.38.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

Analyst Ratings Changes

Several research firms have issued reports on PEP. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research 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 research report on Monday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. 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 research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $186.92.

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.