DT Investment Partners LLC Boosts Position in PepsiCo, Inc. (NASDAQ:PEP)

DT Investment Partners LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,359 shares of the company’s stock after buying an additional 499 shares during the period. DT Investment Partners LLC’s holdings in PepsiCo were worth $739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Proquility Private Wealth Partners LLC increased its holdings in shares of PepsiCo by 1.1% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after purchasing an additional 57 shares in the last quarter. Amplius Wealth Advisors LLC grew its stake in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC grew its stake in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares during the period. Sugarloaf Wealth Management LLC grew its stake in PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after acquiring an additional 61 shares during the period. Finally, Cassia Capital Partners LLC grew its stake in PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after acquiring an additional 63 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PEP. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Finally, Barclays lifted their target price on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Trading Up 1.1 %

Shares of NASDAQ PEP traded up $1.86 during trading on Friday, hitting $174.13. 6,636,697 shares of the company were exchanged, compared to its average volume of 4,502,704. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. 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 company has a fifty day moving average price of $168.68 and a 200-day moving average price of $167.45. The firm has a market capitalization of $239.34 billion, a PE ratio of 26.50, a P/E/G ratio of 2.70 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors 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 annualized dividend and a yield of 2.91%. PepsiCo’s dividend payout ratio (DPR) is currently 77.02%.

About PepsiCo

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.