Ancora Advisors LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,560 shares of the company’s stock after purchasing an additional 3,187 shares during the quarter. Ancora Advisors LLC’s holdings in PepsiCo were worth $13,761,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Highwater Wealth Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $28,000. Horan Securities Inc. raised its holdings in PepsiCo by 460.0% in the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares during the last quarter. 1 North Wealth Services LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $39,000. Financial Gravity Companies Inc. purchased a new position in PepsiCo in the 4th quarter worth approximately $41,000. Finally, Sound Income Strategies LLC raised its holdings in PepsiCo by 50.8% in the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after acquiring an additional 201 shares during the last quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PEP opened at $132.94 on Friday. The firm has a market cap of $186.36 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 3.46 and a beta of 0.62. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. PepsiCo, Inc. has a 1-year low of $104.43 and a 1-year high of $134.71.
PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $12.88 billion during the quarter, compared to analyst estimates of $12.68 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s payout ratio is currently 67.49%.
A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Goldman Sachs Group upgraded shares of PepsiCo from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $111.00 to $132.00 in a report on Thursday, April 18th. Jefferies Financial Group boosted their price objective on shares of PepsiCo to $119.00 and gave the stock a “hold” rating in a report on Tuesday, February 19th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Finally, Bank of America boosted their price objective on shares of PepsiCo from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $124.65.
In other news, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total value of $982,722.00. Following the completion of the sale, the senior vice president now directly owns 55,665 shares in the company, valued at approximately $7,013,233.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the sale, the executive vice president now owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,494 shares of company stock valued at $6,173,705. Company insiders own 0.28% of the company’s stock.
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PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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