PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Syntegra Private Wealth Group LLC

Syntegra Private Wealth Group LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,604 shares of the company’s stock after purchasing an additional 85 shares during the period. Syntegra Private Wealth Group LLC’s holdings in PepsiCo were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its holdings in shares of PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares during the period. Norges Bank purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $2,519,707,000. Morgan Stanley increased its stake in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares during the period. Comerica Bank purchased a new position in PepsiCo in the second quarter valued at approximately $360,472,000. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in PepsiCo in the third quarter valued at approximately $329,179,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Barclays lifted their price objective on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley raised 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $1.44 during trading on Thursday, hitting $175.01. 5,710,410 shares of the stock were exchanged, compared to its average volume of 5,942,093. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a market capitalization of $240.55 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. The company’s fifty day simple moving average is $168.10 and its 200-day simple moving average is $167.99. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared 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 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio is 77.02%.

PepsiCo Company 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.