Everence Capital Management Inc. Has $7.50 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Everence Capital Management Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,129 shares of the company’s stock after acquiring an additional 2,650 shares during the quarter. Everence Capital Management Inc.’s holdings in PepsiCo were worth $7,495,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PEP. DHJJ Financial Advisors Ltd. acquired a new stake in shares of PepsiCo during the 3rd quarter worth about $25,000. LFA Lugano Financial Advisors SA lifted its stake in shares of PepsiCo by 80.5% during the 4th 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 acquired a new stake in shares of PepsiCo during the 4th quarter worth about $34,000. Avion Wealth raised its stake in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in PepsiCo in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.3 %

PEP traded up $0.55 during trading on Tuesday, reaching $167.50. 4,407,651 shares of the company’s stock were exchanged, compared to its average volume of 5,724,224. 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, Inc. has a one year low of $155.83 and a one year high of $196.88. The firm has a fifty day moving average price of $168.70 and a two-hundred day moving average price of $167.38. The stock has a market capitalization of $230.23 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion during 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 quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 3.02%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PEP. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating 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. Finally, Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.