TAGStone Capital Inc. Purchases 70 Shares of PepsiCo, Inc. (NASDAQ:PEP)

TAGStone Capital Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,527 shares of the company’s stock after purchasing an additional 70 shares during the period. TAGStone Capital Inc.’s holdings in PepsiCo were worth $388,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the third quarter worth approximately $31,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter worth approximately $30,000. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth approximately $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo during the fourth quarter worth approximately $39,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent research reports. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Trading Down 1.2 %

Shares of PepsiCo stock opened at $145.45 on Monday. The firm has a market capitalization of $199.48 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm’s 50 day moving average is $149.04 and its 200 day moving average is $158.96. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results 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 net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the company earned $1.78 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.