Leelyn Smith LLC Has $2.54 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Leelyn Smith LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 16,686 shares of the company’s stock after acquiring an additional 318 shares during the period. Leelyn Smith LLC’s holdings in PepsiCo were worth $2,537,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PEP. Raymond James Financial Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the last quarter. State Street Corp lifted its position in shares of PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares in the last quarter. Finally, Swedbank AB raised its position in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $170.59.

PepsiCo Trading Up 1.9 %

NASDAQ PEP opened at $151.34 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock’s 50-day moving average is $148.86 and its 200-day moving average is $159.75. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market cap of $207.56 billion, a P/E ratio of 21.78, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The company’s revenue was down .2% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 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.