Wedgewood Investors Inc. PA Has $725,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Wedgewood Investors Inc. PA trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,270 shares of the company’s stock after selling 300 shares during the quarter. Wedgewood Investors Inc. PA’s holdings in PepsiCo were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA raised its holdings in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the 4th quarter worth about $34,000. Naples Money Management LLC bought a new stake in PepsiCo during the 4th quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new position in PepsiCo in the 4th quarter worth approximately $39,000. Finally, Avion Wealth lifted its holdings in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of a number of research reports. Jefferies Financial Group increased their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Barclays upped their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Trading Down 0.5 %

Shares of PEP traded down $0.81 on Wednesday, reaching $175.10. 1,172,633 shares of the company’s stock were exchanged, compared to its average volume of 5,749,790. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The stock has a market capitalization of $240.73 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.87 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average price of $169.74 and a two-hundred day moving average price of $168.16.

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

PepsiCo Increases Dividend

The firm 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 dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.10%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

About PepsiCo

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.