Cottage Street Advisors LLC Buys 126 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cottage Street Advisors LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 19,632 shares of the company’s stock after acquiring an additional 126 shares during the quarter. PepsiCo comprises approximately 2.3% of Cottage Street Advisors LLC’s portfolio, making the stock its 15th biggest holding. Cottage Street Advisors LLC’s holdings in PepsiCo were worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of PEP. Harbour Capital Advisors LLC grew its holdings in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after purchasing an additional 185 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $405,000. Marion Wealth Management lifted its position in shares of PepsiCo by 31.7% in the 4th quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after purchasing an additional 1,900 shares during the period. Finally, Metis Global Partners LLC lifted its position in shares of PepsiCo by 20.1% in the 3rd quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock worth $10,146,000 after purchasing an additional 10,005 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Morgan Stanley upgraded 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 report on Monday, March 18th. JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $185.00 to $176.00 in a research report on Tuesday, December 19th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.77.

PepsiCo Trading Up 0.8 %

Shares of PepsiCo stock traded up $1.44 during mid-day trading on Friday, hitting $175.01. 5,710,539 shares of the stock were exchanged, compared to its average volume of 6,548,546. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock has a market capitalization of $240.55 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. The company has a 50-day simple moving average of $168.26 and a 200 day simple moving average of $168.04. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The company 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%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a dividend of $1.265 per share. The ex-dividend date is Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.89%. PepsiCo’s payout ratio is 77.02%.

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.