PepsiCo, Inc. (NASDAQ:PEP) is SlateStone Wealth LLC’s 10th Largest Position

SlateStone Wealth LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,126 shares of the company’s stock after acquiring an additional 1,325 shares during the quarter. PepsiCo accounts for about 1.7% of SlateStone Wealth LLC’s investment portfolio, making the stock its 10th largest holding. SlateStone Wealth LLC’s holdings in PepsiCo were worth $17,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of PEP. Swedbank AB lifted its holdings in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares during the period. Howard Capital Management Group LLC lifted its holdings in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the period. Balboa Wealth Partners lifted its holdings in PepsiCo by 2.8% in the 3rd quarter. Balboa Wealth Partners now owns 2,611 shares of the company’s stock worth $444,000 after buying an additional 72 shares during the period. Northcape Wealth Management LLC lifted its holdings in PepsiCo by 0.5% in the 3rd quarter. Northcape Wealth Management LLC now owns 34,118 shares of the company’s stock worth $5,802,000 after buying an additional 170 shares during the period. Finally, Coastline Trust Co lifted its holdings in PepsiCo by 1.4% in the 3rd quarter. Coastline Trust Co now owns 22,531 shares of the company’s stock worth $3,831,000 after buying an additional 312 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PEP. Barclays increased their target price on PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Evercore ISI decreased their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.59.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $148.59 on Friday. The firm has a market cap of $203.79 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 3.09 and a beta of 0.52. The stock has a fifty day simple moving average of $148.76 and a two-hundred day simple moving average of $159.99. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.