YANKCOM Partnership Purchases New Shares in PepsiCo, Inc. (NASDAQ:PEP)

YANKCOM Partnership bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,463 shares of the company’s stock, valued at approximately $1,439,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cross Staff Investments Inc lifted its stake in PepsiCo by 0.9% in the 3rd quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock worth $1,204,000 after purchasing an additional 60 shares in the last quarter. Paulson Wealth Management Inc. increased its holdings in shares of PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after purchasing an additional 60 shares during the last quarter. LCM Capital Management Inc boosted its stake in PepsiCo by 0.8% during the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after buying an additional 62 shares during the last quarter. Demars Financial Group LLC grew its holdings in PepsiCo by 1.1% in the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after buying an additional 62 shares in the last quarter. Finally, Sigma Investment Counselors Inc. raised its holdings in shares of PepsiCo by 1.6% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock worth $733,000 after acquiring an additional 66 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on PEP. Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a report on Tuesday. They issued a $172.00 price objective on the stock. Finally, Morgan Stanley dropped their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $171.76.

PepsiCo Stock Performance

NASDAQ:PEP opened at $145.66 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm’s fifty day simple moving average is $152.49 and its 200-day simple moving average is $164.53. The stock has a market cap of $199.84 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. PepsiCo’s payout ratio is currently 79.94%.

PepsiCo 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.