Professional Advisory Services Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,335 shares of the company’s stock after acquiring an additional 970 shares during the quarter. PepsiCo makes up about 4.3% of Professional Advisory Services Inc.’s holdings, making the stock its largest holding. Professional Advisory Services Inc.’s holdings in PepsiCo were worth $20,307,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $201,000. Bouchey Financial Group Ltd acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $214,000. Oakmont Partners LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $220,000. KCS Wealth Advisory acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $239,000. Finally, White Lighthouse Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $240,000. 70.93% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on PEP shares. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a report on Monday, December 4th. SunTrust Banks started coverage on PepsiCo in a report on Monday, January 29th. They issued a “hold” rating and a $125.00 price target for the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a report on Thursday, February 1st. Wells Fargo & Co increased their price target on PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 4th. Finally, BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. PepsiCo currently has an average rating of “Hold” and an average target price of $123.04.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The business had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. During the same period last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. analysts anticipate that PepsiCo, Inc. will post 5.7 EPS for the current fiscal year.
PepsiCo declared that its board has approved a stock repurchase program on Tuesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.805 per share. The ex-dividend date is Thursday, March 1st. This represents a $3.22 annualized dividend and a dividend yield of 2.86%. PepsiCo’s dividend payout ratio is currently 63.26%.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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