PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Boosted by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,704 shares of the company’s stock after purchasing an additional 132 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in PepsiCo were worth $1,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Capital Advisors LLC raised its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after acquiring an additional 102 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after acquiring an additional 185 shares in the last quarter. Marion Wealth Management raised its holdings in shares of PepsiCo by 31.7% during the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after acquiring an additional 1,900 shares in the last quarter. Metis Global Partners LLC increased its position in PepsiCo by 20.1% during the third quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock worth $10,146,000 after buying an additional 10,005 shares during the last quarter. Finally, Widmann Financial Services Inc. increased its position in PepsiCo by 7.1% during the third quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock worth $1,356,000 after buying an additional 530 shares during the last quarter. Institutional investors and hedge funds own 71.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Friday, February 9th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Barclays increased their target price on shares of PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $187.77.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $0.43 during trading on Friday, hitting $172.02. 4,106,443 shares of the stock were exchanged, compared to its average volume of 6,023,385. The stock has a market capitalization of $236.43 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53. The company has a fifty day moving average price of $167.63 and a 200-day moving average price of $168.12. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. 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 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. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the prior year, the business earned $1.67 EPS. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

About PepsiCo

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.