PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lifted by Choreo LLC

Choreo LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,783 shares of the company’s stock after buying an additional 1,958 shares during the period. Choreo LLC’s holdings in PepsiCo were worth $5,438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PEP. LFA Lugano Financial Advisors SA increased its position in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo in the fourth quarter worth approximately $34,000. Naples Money Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo in the fourth quarter worth approximately $39,000. Finally, Avion Wealth increased its stake in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.3 %

PEP opened at $176.14 on Tuesday. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The firm has a 50-day moving average price of $169.60 and a two-hundred day moving average price of $168.05. The stock has a market capitalization of $242.16 billion, a PE ratio of 26.49, a PEG ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is 76.09%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Barclays boosted their target price on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Finally, Jefferies Financial Group upped their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.