PepsiCo, Inc. (NASDAQ:PEP) Stock Position Raised by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,718 shares of the company’s stock after acquiring an additional 18,459 shares during the quarter. PepsiCo accounts for 3.4% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 14th largest holding. First Fiduciary Investment Counsel Inc.’s holdings in PepsiCo were worth $12,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. PSI Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $25,000. Evolution Wealth Advisors LLC boosted its position in shares of PepsiCo by 221.0% in the fourth quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock worth $27,000 after buying an additional 137 shares during the period. Beutel Goodman & Co Ltd. acquired a new stake in shares of PepsiCo in the fourth quarter worth $27,000. Permanens Capital L.P. boosted its position in shares of PepsiCo by 511.4% in the fourth quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock worth $37,000 after buying an additional 225 shares during the period. Finally, New England Investment & Retirement Group Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $41,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on PEP. DZ Bank reaffirmed a “buy” rating and issued a $136.00 target price on shares of PepsiCo in a research report on Thursday, March 26th. Morgan Stanley reaffirmed a “buy” rating on shares of PepsiCo in a research report on Wednesday, May 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $153.00 target price on shares of PepsiCo in a research report on Tuesday, April 14th. Cfra raised their target price on PepsiCo from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, BidaskClub lowered PepsiCo from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 21st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $142.00.

NASDAQ PEP traded up $1.95 during trading on Monday, hitting $133.50. 1,834,321 shares of the company traded hands, compared to its average volume of 6,126,143. PepsiCo, Inc. has a 12 month low of $101.42 and a 12 month high of $147.20. The business has a fifty day simple moving average of $133.17 and a 200 day simple moving average of $134.64. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $182.53 billion, a P/E ratio of 25.87, a PEG ratio of 5.03 and a beta of 0.59.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. The company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.20 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 5.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.0225 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $0.96. This represents a $4.09 annualized dividend and a yield of 3.06%. The ex-dividend date is Thursday, June 4th. PepsiCo’s dividend payout ratio (DPR) is 69.08%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: What is the Book Value of a Share?

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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