Milestone Asset Management LLC purchased a new position in the stock of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) in the fourth quarter, according to the latest Form 13F filed with the SEC. The fund purchased 1,301 shares of the company stock valued at approximately $220,000.
Many other institutional investors have also changed positions on the PEP. Paragon Wealth Strategies LLC said he took a new position at PepsiCo worth $27,000 in the third quarter. Legend Financial Advisors Inc. upped his PepsiCo stock position by 125.7% in the fourth quarter. Legend Financial Advisors Inc. now owns 167 shares worth $30,000 after acquiring an additional 93 shares during this period. Red Tortoise LLC bought a new $30,000 worth of his PepsiCo shares in the fourth quarter. CarsonAllaria Wealth Management Ltd. increased its position in PepsiCo shares by 604.0% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 176 shares of the company worth $32,000 after purchasing an additional 151 of his shares during the previous quarter. Finally, Mendota Financial Group LLC bought another $38,000 worth of his PepsiCo shares in the fourth quarter. 70.76% of the shares are owned by institutional investors and hedge funds.
Wall Street analyst opinion
Recently, several analysts have commented on the company. Barclays raised its price target on PepsiCo from $187.00 to $201.00, giving it an “overweight” rating in its research report on Friday, April 14. Morgan Stanley raised its price target on PepsiCo stock to $210.00 from her $200.00 in a report on Tuesday. UBS Group raised its price target on PepsiCo shares to $205.00 from $195.00, giving it a Buy rating in its report on Thursday, April 6. Credit Suisse Group Inc. raised PepsiCo’s price target to $182.00 from $175.00, giving the company a “neutral” rating in its research notes on Friday, February 10. Finally, Wells Fargo & Company raised its price target on PepsiCo stock to $196.00 from $187.00 in its research notes on Wednesday. One equity research analyst gave the stock a sell rating, six issued a hold rating, and six issued a buy rating. According to MarketBeat.com, the company’s current consensus valuation is “Hold” with a consensus target price of $190.08.
PepsiCo shares fell 0.7%
PepsiCo shares fell $1.27 in Wednesday trading to reach $188.44. His 1,458,365 shares in the company traded, with an average trading volume of 4,475,130 shares for him. The company has a debt to equity ratio of 2.06, a current ratio of 0.80 and a quick ratio of 0.61. PepsiCo, Inc. has a one-year low of $154.86 and a one-year high of $190.18. The company has a 50-day moving average price of $181.45 and a 200-day moving average price of $176.19. The company has a market capitalization of $259.54 billion, a PE ratio of 29.46, a P/E/G ratio of 3.36 and a beta of 0.53.
PepsiCo (NASDAQ:PEP – Get Rating) last released quarterly earnings data on Tuesday, April 25. The company reported his earnings per share of $1.50 for the quarter, beating consensus expectations of $1.37 for him by $0.13. PepsiCo had a net profit margin of 10.31% and a return on equity of 51.34%. The company’s revenue for the quarter was $17.85 billion, compared to consensus expectations of $17.27 billion. His earnings per share for the company in the same period last year were $1.29. Business revenue increased by 10.2% year-on-year. As a group, an equity research analyst expects PepsiCo to post earnings per share of 7.23 for the current year.
PepsiCo Announces Dividend
The company recently announced a quarterly dividend, which was paid out on Friday, March 31st. A dividend of $1.15 was issued to shareholders of record on Friday, March 3. The ex-dividend date for this dividend was March 2 (Thursday). This represents his $4.60 dividend and his 2.44% dividend yield on an annualized basis. PepsiCo’s dividend payout ratio is currently 71.76%.
Insider activity
In another news, CEO Ramkumar Krishnan sold 16,827 shares in the trading on Tuesday, March 7th. The shares were sold at an average price of $172.70 for a total of $2,906,022.90. Following the closing of the sale, the CEO now owns 49,000 shares of the company’s stock, valued him at $8,462,300. The sale was disclosed in filings with the SEC that can be accessed through the SEC’s website. In related news, CEO Ramkumar Krishnan sold his 16,827 stake in a deal on Tuesday, March 7. The shares sold for an average of $172.70, and the total transaction value he had was $2,906,022.90. Following the closing of the transaction, the CEO now owns 49,000 shares in the company, valued at $8,462,300. The transaction was disclosed in documents filed with the SEC and available at this link. Also, director Robert C. Pohlad sold his 75,000 shares in a transaction on Thursday, March 9. The shares sold for an average of $172.47 and the total transaction value was $12,935,250.00. After the transaction, the directors now own 183,929 shares of the company’s stock valued at approximately $31,722,234.63. Please see here for the disclosure of this sale. His 0.15% of shares are now owned by corporate insiders.
PepsiCo Profile
(get rating)
PepsiCo, Inc manufactures, markets, distributes and sells beverages, food and snacks. Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (Latin America), Europe, Africa, Middle East, South Asia (AMESA), Asia Pacific, Australia, New Zealand, and China regions ( APAC).
References
Want to know which other hedge funds hold PEPs? Visit HoldingsChannel.com to get PepsiCo’s (NASDAQ:PEP – rated) latest 13F filings and insider trading.
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