Van Cleef Asset Management Inc Buys 4,627 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Van Cleef Asset Management Inc boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,510 shares of the company’s stock after acquiring an additional 4,627 shares during the quarter. PepsiCo accounts for 1.7% of Van Cleef Asset Management Inc’s portfolio, making the stock its 18th largest position. Van Cleef Asset Management Inc’s holdings in PepsiCo were worth $11,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA lifted its position in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new stake in PepsiCo during the 4th quarter worth about $34,000. Naples Money Management LLC bought a new stake in PepsiCo during the 4th quarter worth about $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo during the 4th quarter worth about $39,000. Finally, Avion Wealth lifted its position in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.4 %

Shares of NASDAQ PEP traded down $0.73 during trading on Thursday, reaching $176.68. The company had a trading volume of 7,436,495 shares, compared to its average volume of 5,872,530. The company’s fifty day moving average price is $169.04 and its 200-day moving average price is $167.70. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The stock has a market cap of $242.85 billion, a P/E ratio of 26.50, a PEG ratio of 2.69 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is 76.09%.

Analyst Ratings Changes

Several research analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Jefferies Financial Group lifted their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and an average target price of $187.42.

About PepsiCo

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.