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.
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, 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.
Further Reading: What is the significance of the death cross?
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.