Crossmark Global Holdings Inc. Has $13.29 Million Stock Holdings in PepsiCo, Inc. $PEP

Crossmark Global Holdings Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,566 shares of the company’s stock after buying an additional 7,089 shares during the period. Crossmark Global Holdings Inc.’s holdings in PepsiCo were worth $13,285,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JCIC Asset Management Inc. acquired a new stake in shares of PepsiCo in the 3rd quarter valued at about $27,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $33,000. Finally, Strategic Advocates LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at about $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.1%

NASDAQ:PEP opened at $154.62 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $211.33 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.83 and a beta of 0.38. The firm’s 50 day moving average is $157.25 and its 200 day moving average is $152.50. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the business earned $1.48 EPS. PepsiCo’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo announced that its board has initiated a share repurchase 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 often a sign that the company’s board believes its stock is undervalued.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 89.32%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PEP. BNP Paribas Exane raised their price target on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Wells Fargo & Company raised their price target on shares of PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Argus raised shares of PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada dropped their price target on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Finally, TD Cowen raised their price target on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $170.26.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a new partnership in the UAE’s Future Industries Lab to support SMEs and young Emiratis, reinforcing its innovation and local investment strategy. MoIAT expands Future Industries Lab with new PepsiCo partnership supporting SMEs and young Emiratis
• Positive Sentiment: PepsiCo and TalusAg Renewables announced a low-carbon ammonia agreement, an ESG-oriented move that could improve supply-chain sustainability and appeal to investors focused on emissions reduction. PepsiCo and TalusAg Renewables announce low-carbon ammonia attribute agreement to help accelerate fertilizer decarbonization
• Positive Sentiment: Multiple articles highlighted PepsiCo’s continued investment in China and its focus on international growth, product innovation, and cost discipline, which supports the long-term bull case. PepsiCo to ‘continue investing’ in Chinese market

PepsiCo Company Profile

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.