Tidemark LLC Buys New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Tidemark LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 941 shares of the company’s stock, valued at approximately $160,000.

Other institutional investors have also bought and sold shares of the company. LFA Lugano Financial Advisors SA lifted its position in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo during the 4th quarter worth about $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the 4th quarter worth about $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $39,000. Finally, Avion Wealth boosted its stake in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Barclays increased their price target on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Jefferies Financial Group lifted their price objective on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $187.58.

PepsiCo Stock Down 0.8 %

Shares of PepsiCo stock traded down $1.43 during trading on Thursday, reaching $180.66. The company’s stock had a trading volume of 847,572 shares, compared to its average volume of 5,455,419. The company has a 50-day simple moving average of $174.02 and a two-hundred day simple moving average of $170.00. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The company has a market cap of $248.37 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 2.95 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.17 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.00%. PepsiCo’s payout ratio is 76.09%.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

PepsiCo Company 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.