NewSquare Capital LLC Buys 1,088 Shares of PepsiCo, Inc. (NASDAQ:PEP)

NewSquare Capital LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,322 shares of the company’s stock after acquiring an additional 1,088 shares during the period. NewSquare Capital LLC’s holdings in PepsiCo were worth $6,249,000 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 the stock. Cerity Partners LLC grew its stake in PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after buying an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after purchasing an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $405,000. Manchester Capital Management LLC boosted its stake in PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after purchasing an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP traded down $5.24 during mid-day trading on Tuesday, reaching $171.22. The company’s stock had a trading volume of 9,134,290 shares, compared to its average volume of 5,799,144. 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 1-year low of $155.83 and a 1-year high of $196.88. The business has a 50-day simple moving average of $168.80 and a two-hundred day simple moving average of $167.55. The stock has a market cap of $235.34 billion, a P/E ratio of 26.21, a PEG ratio of 2.73 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same period last year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Barclays raised their price objective on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.