PepsiCo, Inc. (NASDAQ:PEP) is CORDA Investment Management LLC.’s 10th Largest Position

CORDA Investment Management LLC. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,595 shares of the company’s stock after buying an additional 2,062 shares during the period. PepsiCo makes up approximately 3.3% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 10th largest holding. CORDA Investment Management LLC.’s holdings in PepsiCo were worth $40,995,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Paulson Wealth Management Inc. increased its stake in shares of PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after acquiring an additional 60 shares during the period. LCM Capital Management Inc grew its position in PepsiCo by 0.8% during the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after purchasing an additional 62 shares during the period. Demars Financial Group LLC raised its stake in shares of PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after buying an additional 62 shares during the last quarter. Tcfg Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after buying an additional 66 shares during the period. Finally, BIP Wealth LLC boosted its stake in shares of PepsiCo by 1.9% in the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after buying an additional 67 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company decreased 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. Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $152.02 on Friday. 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 business’s 50 day moving average price is $148.57 and its 200 day moving average price is $161.73. The company has a market cap of $208.50 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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 return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current 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 paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

PepsiCo Company 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.