Naples Global Advisors LLC Purchases 110 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Naples Global Advisors LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,931 shares of the company’s stock after purchasing an additional 110 shares during the period. Naples Global Advisors LLC’s holdings in PepsiCo were worth $3,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PEP. AMF Tjanstepension AB increased its position in shares of PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after buying an additional 40,031 shares during the period. ORG Wealth Partners LLC purchased a new position in PepsiCo during the third quarter valued at approximately $44,000. Swedbank AB increased its holdings in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares during the period. Foster Victor Wealth Advisors LLC lifted its stake in PepsiCo by 3.7% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 63,223 shares of the company’s stock worth $10,909,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its holdings in PepsiCo by 3.5% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 5,017 shares of the company’s stock valued at $853,000 after purchasing an additional 168 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PEP shares. Citigroup lowered their price objective on 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 price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price objective for the company. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays dropped their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research 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 assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $143.99 on Thursday. The business has a 50 day moving average of $150.73 and a 200 day moving average of $163.68. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a market cap of $197.48 billion, a PE ratio of 20.72, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.76%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

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.