Naples Global Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,182 shares of the company’s stock after acquiring an additional 1,069 shares during the period. Naples Global Advisors LLC’s holdings in PepsiCo were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of PepsiCo during the 4th quarter valued at $201,000. Bouchey Financial Group Ltd purchased a new position in shares of PepsiCo during the 4th quarter valued at $214,000. Oakmont Partners LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at $220,000. KCS Wealth Advisory purchased a new position in shares of PepsiCo during the 4th quarter valued at $239,000. Finally, White Lighthouse Investment Management Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at $240,000. 70.93% of the stock is owned by hedge funds and other institutional investors.
Shares of PepsiCo, Inc. (NASDAQ PEP) opened at $113.60 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03. The stock has a market cap of $161,300.00, a PE ratio of 22.32, a PEG ratio of 2.68 and a beta of 0.69. PepsiCo, Inc. has a 1 year low of $106.19 and a 1 year high of $122.51.
The firm also recently announced 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. This represents a $3.22 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio is 63.26%.
PepsiCo announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
PEP has been the topic of a number of analyst reports. Cowen restated a “buy” rating and set a $133.00 target price on shares of PepsiCo in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Monday, December 4th. Deutsche Bank began coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock. TheStreet cut shares of PepsiCo from a “b-” rating to a “c+” rating in a research note on Thursday, March 1st. Finally, SunTrust Banks began coverage on shares of PepsiCo in a research note on Monday, January 29th. They issued a “hold” rating and a $125.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $123.04.
PepsiCo Company Profile
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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