Fort Sheridan Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 67.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,025 shares of the company’s stock after acquiring an additional 1,620 shares during the period. Fort Sheridan Advisors LLC’s holdings in PepsiCo were worth $699,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of PEP. Global Wealth Management Investment Advisory Inc. lifted its position in PepsiCo by 86.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Fortis Advisors LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $38,000. Leverty Financial Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $38,000. Bell Investment Advisors Inc acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $56,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of PepsiCo by 229.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock valued at $56,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.
A number of research firms have recently weighed in on PEP. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $183.00 to $186.00 in a research report on Wednesday, April 27th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Citigroup boosted their price objective on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Finally, DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Tuesday, February 15th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Buy” and a consensus price target of $176.56.
PepsiCo (NASDAQ:PEP – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, June 2nd. This represents a $4.60 dividend on an annualized basis and a yield of 2.65%. This is a boost from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio is 58.82%.
About PepsiCo (Get Rating)
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
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