Tower Bridge Advisors Has $14.55 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Tower Bridge Advisors grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,688 shares of the company’s stock after buying an additional 605 shares during the period. PepsiCo accounts for about 1.5% of Tower Bridge Advisors’ portfolio, making the stock its 13th biggest holding. Tower Bridge Advisors’ holdings in PepsiCo were worth $14,550,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Paulson Wealth Management Inc. lifted its position 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 valued at $508,000 after buying an additional 60 shares during the last quarter. LCM Capital Management Inc increased its stake in shares of PepsiCo by 0.8% during the third 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 increased its stake in shares of PepsiCo by 1.1% during the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after purchasing an additional 62 shares during the period. Tcfg Wealth Management LLC increased its stake in shares of PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares during the period. Finally, BIP Wealth LLC increased its stake in shares of PepsiCo by 1.9% during the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after purchasing an additional 67 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.0 %

Shares of PEP stock opened at $153.47 on Friday. The stock’s fifty day moving average price is $148.59 and its two-hundred day moving average price is $161.60. The company has a market cap of $210.48 billion, a PE ratio of 22.08, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating 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 company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the business posted $1.78 EPS. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Barclays lowered their price objective on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $171.47.

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.