PepsiCo, Inc. $PEP Shares Acquired by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 25.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,583 shares of the company’s stock after purchasing an additional 16,628 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in PepsiCo were worth $11,852,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo in the second quarter worth $27,000. JCIC Asset Management Inc. acquired a new position in shares of PepsiCo during the 3rd quarter valued at $27,000. Imprint Wealth LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at $31,000. Halbert Hargrove Global Advisors LLC boosted its position in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the period. Finally, Strategic Advocates LLC acquired a new stake in PepsiCo in the 3rd quarter valued at $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PEP shares. UBS Group restated a “buy” rating and set a $190.00 price objective on shares of PepsiCo in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Citigroup boosted their price target on PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Argus upgraded PepsiCo to a “hold” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada increased their price objective on shares of PepsiCo from $156.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $169.00.

Get Our Latest Stock Report on PEP

PepsiCo Trading Down 1.0%

NASDAQ:PEP opened at $155.29 on Wednesday. The stock has a market cap of $212.27 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The business’s 50-day simple moving average is $159.25 and its 200 day simple moving average is $150.33.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The firm had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.96 billion. During the same quarter last year, the firm earned $1.96 EPS. PepsiCo’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, March 6th. PepsiCo’s payout ratio is 94.83%.

PepsiCo declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

About PepsiCo

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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