Bard Financial Services Inc. Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Bard Financial Services Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 70,871 shares of the company’s stock after buying an additional 75 shares during the period. PepsiCo makes up approximately 1.3% of Bard Financial Services Inc.’s portfolio, making the stock its 18th biggest holding. Bard Financial Services Inc.’s holdings in PepsiCo were worth $10,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its stake in shares of PepsiCo by 57.7% during the second quarter. SRS Capital Advisors Inc. now owns 4,520 shares of the company’s stock worth $746,000 after purchasing an additional 1,654 shares during the last quarter. Norden Group LLC raised its stake in shares of PepsiCo by 2.3% during the 2nd quarter. Norden Group LLC now owns 7,920 shares of the company’s stock worth $1,306,000 after buying an additional 180 shares during the last quarter. Umpqua Bank lifted its holdings in shares of PepsiCo by 4.2% in the second quarter. Umpqua Bank now owns 12,337 shares of the company’s stock valued at $2,035,000 after purchasing an additional 499 shares in the last quarter. Strategic Financial Concepts LLC increased its position in PepsiCo by 8,835.5% during the second quarter. Strategic Financial Concepts LLC now owns 116,608 shares of the company’s stock worth $192,000 after buying an additional 115,303 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of PepsiCo by 5.1% in the second quarter. Acadian Asset Management LLC now owns 799,532 shares of the company’s stock valued at $131,845,000 after buying an additional 38,607 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 1.4 %

PEP traded down $2.16 during trading on Monday, reaching $147.49. The company had a trading volume of 4,295,606 shares, compared to its average volume of 4,765,378. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market cap of $202.35 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $146.95 and a 12-month high of $183.41. The firm’s 50-day simple moving average is $159.51 and its 200 day simple moving average is $167.26.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $2.25 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PEP. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a report on Friday, September 20th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $184.31.

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.