PepsiCo, Inc. (NASDAQ:PEP) Stock Position Raised by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 18.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,718 shares of the company’s stock after buying an additional 419 shares during the quarter. Sierra Summit Advisors LLC’s holdings in PepsiCo were worth $413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in PepsiCo in the 3rd quarter valued at $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $143.19 on Tuesday. The stock’s fifty day simple moving average is $149.10 and its 200 day simple moving average is $156.72. PepsiCo, Inc. has a one year low of $140.67 and a one year high of $183.41. The firm has a market cap of $196.36 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the company posted $1.78 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $169.88.

PepsiCo Company 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.