PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by SYM FINANCIAL Corp

SYM FINANCIAL Corp increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,290 shares of the company’s stock after purchasing an additional 61 shares during the quarter. SYM FINANCIAL Corp’s holdings in PepsiCo were worth $389,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Talbot Financial LLC raised its position in PepsiCo by 1.3% in the third quarter. Talbot Financial LLC now owns 47,789 shares of the company’s stock worth $8,097,000 after acquiring an additional 590 shares in the last quarter. Forza Wealth Management LLC boosted its holdings in PepsiCo by 2.6% during the third quarter. Forza Wealth Management LLC now owns 5,825 shares of the company’s stock worth $987,000 after buying an additional 150 shares in the last quarter. Hanson & Doremus Investment Management grew its position in PepsiCo by 4.1% in the third quarter. Hanson & Doremus Investment Management now owns 5,404 shares of the company’s stock worth $916,000 after buying an additional 214 shares during the last quarter. Prentiss Smith & Co. Inc. lifted its position in shares of PepsiCo by 1.6% during the 3rd quarter. Prentiss Smith & Co. Inc. now owns 4,625 shares of the company’s stock valued at $784,000 after acquiring an additional 75 shares during the last quarter. Finally, Stonegate Investment Group LLC grew its holdings in shares of PepsiCo by 1.0% in the 3rd quarter. Stonegate Investment Group LLC now owns 17,482 shares of the company’s stock worth $2,962,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Up 0.4 %

NASDAQ PEP traded up $0.70 during trading on Friday, reaching $176.15. The company’s stock had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $242.17 billion, a PE ratio of 26.49, a PEG ratio of 2.86 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The business has a 50-day moving average price of $170.14 and a 200-day moving average price of $168.36.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. PepsiCo’s dividend payout ratio is currently 81.50%.

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.