Raab & Moskowitz Asset Management LLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)


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Raab & Moskowitz Asset Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,876 shares of the company’s stock after purchasing an additional 155 shares during the quarter. PepsiCo makes up approximately 1.8% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 15th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in PepsiCo were worth $4,650,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. McClarren Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $27,000. PrairieView Partners LLC purchased a new position in PepsiCo in the fourth quarter valued at about $30,000. Emerson Wealth Management LLC bought a new stake in shares of PepsiCo during the 1st quarter worth about $28,000. Inspire Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $31,000. Finally, Interactive Financial Advisors acquired a new position in shares of PepsiCo during the 4th quarter worth about $33,000. Institutional investors own 69.94% of the company’s stock.

Several brokerages recently commented on PEP. UBS Group raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $165.00 in a research note on Tuesday, April 27th. Barclays raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research note on Monday, March 29th. Guggenheim restated a “buy” rating on shares of PepsiCo in a report on Thursday, April 1st. Wolfe Research started coverage on PepsiCo in a report on Monday, April 19th. They issued a “peer perform” rating for the company. Finally, Royal Bank of Canada cut PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective for the company. in a report on Monday, January 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $149.23.

Shares of NASDAQ PEP traded down $0.14 during midday trading on Tuesday, reaching $145.65. The company’s stock had a trading volume of 87,108 shares, compared to its average volume of 5,645,717. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. PepsiCo, Inc. has a fifty-two week low of $126.53 and a fifty-two week high of $148.77. The business’s 50 day moving average price is $141.53 and its two-hundred day moving average price is $140.48. The company has a market cap of $201.23 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.63 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The company had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th were given a dividend of $1.0225 per share. The ex-dividend date was Thursday, March 4th. This represents a $4.09 annualized dividend and a yield of 2.81%. PepsiCo’s dividend payout ratio is currently 73.96%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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