PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,672 shares of the company’s stock after purchasing an additional 1,009 shares during the period. Procyon Advisors LLC’s holdings in PepsiCo were worth $4,360,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Proquility Private Wealth Partners LLC increased its stake in shares of PepsiCo by 1.1% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after purchasing an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC grew its stake in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after buying an additional 60 shares during the last quarter. Darwin Wealth Management LLC grew its stake in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares during the last quarter. Finally, Cassia Capital Partners LLC grew its stake in PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PEP. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Stock Up 0.5 %

PEP traded up $0.84 during trading on Wednesday, reaching $173.57. 1,660,857 shares of the stock were exchanged, compared to its average volume of 5,891,141. The stock has a market cap of $238.57 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock’s 50 day moving average price is $167.83 and its two-hundred day moving average price is $167.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be given a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.92%. PepsiCo’s payout ratio is presently 77.02%.

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.