Benjamin F. Edwards & Company Inc. increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,294 shares of the company’s stock after buying an additional 2,102 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in PepsiCo were worth $4,140,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of PEP. BlackRock Inc. raised its position in PepsiCo by 1.4% during the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after purchasing an additional 1,413,723 shares in the last quarter. State Street Corp raised its position in PepsiCo by 1.4% during the third quarter. State Street Corp now owns 66,734,823 shares of the company’s stock valued at $9,149,344,000 after purchasing an additional 890,014 shares in the last quarter. California Public Employees Retirement System raised its position in PepsiCo by 0.6% during the fourth quarter. California Public Employees Retirement System now owns 9,537,426 shares of the company’s stock valued at $1,303,480,000 after purchasing an additional 56,541 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in PepsiCo by 2.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,733,054 shares of the company’s stock valued at $783,536,000 after purchasing an additional 115,013 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in PepsiCo by 2.0% during the third quarter. Parametric Portfolio Associates LLC now owns 5,678,486 shares of the company’s stock valued at $778,520,000 after purchasing an additional 112,107 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.
Shares of NASDAQ:PEP opened at $146.99 on Friday. The stock’s 50-day moving average price is $140.23 and its 200-day moving average price is $136.19. PepsiCo, Inc. has a 12-month low of $114.11 and a 12-month high of $147.15. The stock has a market capitalization of $204.97 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 3.51 and a beta of 0.53. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.01. The firm had revenue of $20.64 billion for the quarter, compared to analysts’ expectations of $20.24 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a $0.955 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.60%. PepsiCo’s payout ratio is presently 67.49%.
A number of research firms have weighed in on PEP. Citigroup raised their price target on PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. Cfra raised their price target on PepsiCo from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Evercore ISI restated a “hold” rating on shares of PepsiCo in a research report on Sunday, December 15th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $137.95.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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