Breed s Hill Capital LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Breed s Hill Capital LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,355 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthspire Advisors LLC raised its stake in shares of PepsiCo by 0.9% during the fourth quarter. Wealthspire Advisors LLC now owns 30,671 shares of the company’s stock valued at $5,209,000 after purchasing an additional 264 shares in the last quarter. Pioneer Trust Bank N A OR raised its position in shares of PepsiCo by 6.2% during the 4th quarter. Pioneer Trust Bank N A OR now owns 60,489 shares of the company’s stock worth $10,273,000 after buying an additional 3,545 shares in the last quarter. Clearwater Capital Advisors LLC boosted its holdings in shares of PepsiCo by 2.3% in the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after acquiring an additional 61 shares in the last quarter. National Pension Service raised its holdings in PepsiCo by 2.0% during the fourth quarter. National Pension Service now owns 2,110,314 shares of the company’s stock worth $358,416,000 after purchasing an additional 41,018 shares in the last quarter. Finally, Verus Financial Partners Inc. lifted its position in PepsiCo by 41.8% in the fourth quarter. Verus Financial Partners Inc. now owns 2,641 shares of the company’s stock worth $443,000 after purchasing an additional 779 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4 %

Shares of PepsiCo stock traded up $0.65 during trading on Thursday, hitting $178.06. 2,419,686 shares of the stock traded hands, compared to its average volume of 5,631,914. The stock has a market cap of $244.79 billion, a P/E ratio of 26.78, a PEG ratio of 2.87 and a beta of 0.52. The company has a fifty day moving average price of $170.96 and a two-hundred day moving average price of $168.82. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the business posted $1.50 EPS. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.04%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.