PFG Advisors Purchases Shares of 1,986 PepsiCo, Inc. (PEP)
PFG Advisors purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,986 shares of the company’s stock, valued at approximately $213,000.
A number of other large investors have also recently added to or reduced their stakes in PEP. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.4% in the third quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the last quarter. Vanguard Group Inc raised its stake in shares of PepsiCo by 1.4% in the third quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the last quarter. BlackRock Inc. raised its stake in shares of PepsiCo by 1.0% in the third quarter. BlackRock Inc. now owns 94,826,560 shares of the company’s stock worth $10,601,611,000 after acquiring an additional 974,404 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of PepsiCo by 3,272,537.9% in the third quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock worth $2,228,213,000 after acquiring an additional 19,929,756 shares during the last quarter. Finally, FMR LLC raised its stake in shares of PepsiCo by 4.9% in the second quarter. FMR LLC now owns 10,129,130 shares of the company’s stock worth $1,102,759,000 after acquiring an additional 471,913 shares during the last quarter. Hedge funds and other institutional investors own 71.93% of the company’s stock.
PEP has been the subject of a number of recent research reports. Macquarie raised shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 price target for the company in a research note on Tuesday, February 19th. Gabelli reissued a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Morgan Stanley boosted their price target on shares of PepsiCo from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 19th. Finally, ValuEngine downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $118.79.
Shares of NASDAQ:PEP opened at $115.66 on Friday. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.00. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $162.42 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.95 and a beta of 0.64.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 15th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.52 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 5.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, February 28th. PepsiCo’s payout ratio is presently 65.55%.
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PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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