Beaumont Financial Advisors LLC Has $15.84 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Beaumont Financial Advisors LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 93,281 shares of the company’s stock after selling 1,095 shares during the quarter. PepsiCo makes up 1.4% of Beaumont Financial Advisors LLC’s holdings, making the stock its 22nd largest holding. Beaumont Financial Advisors LLC’s holdings in PepsiCo were worth $15,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo in the 4th quarter valued at $34,000. Avion Wealth raised its stake in shares of PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares in the last quarter. Pacific Center for Financial Services bought a new stake in shares of PepsiCo in the 1st quarter worth about $47,000. Finally, Financial Connections Group Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth about $44,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.4 %

PEP stock traded up $0.65 during mid-day trading on Friday, hitting $172.92. 2,826,366 shares of the company were exchanged, compared to its average volume of 5,684,592. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market cap of $237.68 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.66 and a beta of 0.53. The firm’s 50 day simple moving average is $168.55 and its 200 day simple moving average is $167.42. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PEP shares. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Barclays upped their target price on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. Finally, Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.