Flagship Wealth Advisors LLC Invests $1.01 Million in PepsiCo, Inc. (NASDAQ:PEP)

Flagship Wealth Advisors LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,638 shares of the company’s stock, valued at approximately $1,009,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Collier Financial purchased a new stake in PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the 4th quarter worth about $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth about $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at about $34,000. Finally, Human Investing LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at about $39,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.2 %

PEP stock opened at $148.59 on Monday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The business’s 50-day moving average is $148.76 and its two-hundred day moving average is $159.89. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $203.79 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PEP shares. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. UBS Group reduced their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Evercore ISI reduced their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.59.

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.