Breed s Hill Capital LLC Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Breed s Hill Capital LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 43.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,944 shares of the company’s stock after acquiring an additional 588 shares during the quarter. Breed s Hill Capital LLC’s holdings in PepsiCo were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Navalign LLC acquired a new position in PepsiCo during the fourth quarter worth $237,000. Blue Fin Capital Inc. boosted its stake in PepsiCo by 3.1% during the fourth quarter. Blue Fin Capital Inc. now owns 9,822 shares of the company’s stock worth $1,494,000 after buying an additional 295 shares during the last quarter. Investmark Advisory Group LLC boosted its stake in PepsiCo by 1.1% during the fourth quarter. Investmark Advisory Group LLC now owns 22,205 shares of the company’s stock worth $3,377,000 after buying an additional 247 shares during the last quarter. City National Bank of Florida MSD acquired a new position in PepsiCo during the fourth quarter worth $270,000. Finally, Cornerstone Advisory LLC boosted its stake in PepsiCo by 2.0% during the fourth quarter. Cornerstone Advisory LLC now owns 5,966 shares of the company’s stock worth $855,000 after buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on PEP shares. Wells Fargo & Company lowered their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. Barclays reduced their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $160.69.

PepsiCo Price Performance

PEP stock opened at $130.12 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $178.40 billion, a PE ratio of 18.72, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $181.89. The business’s fifty day moving average price is $139.93 and its 200 day moving average price is $148.69.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.37%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

PepsiCo 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.