Peddock Capital Advisors LLC Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Peddock Capital Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,522 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Peddock Capital Advisors LLC’s holdings in PepsiCo were worth $258,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA lifted its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc purchased a new position in PepsiCo in the 4th quarter valued at about $34,000. Naples Money Management LLC acquired a new stake in PepsiCo in the 4th quarter worth about $36,000. Criterion Capital Advisors LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $39,000. Finally, Avion Wealth lifted its position in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.3 %

NASDAQ PEP traded up $2.20 during trading hours on Tuesday, reaching $178.02. The company had a trading volume of 3,425,581 shares, compared to its average volume of 5,690,610. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The stock has a market capitalization of $244.74 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52. The stock has a 50-day moving average of $170.49 and a 200 day moving average of $168.70. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid 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 annualized dividend and a yield of 3.04%. PepsiCo’s dividend payout ratio is presently 76.09%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays increased their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Jefferies Financial Group upped their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.