L. Roy Papp & Associates LLP Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

L. Roy Papp & Associates LLP raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,196 shares of the company’s stock after purchasing an additional 135 shares during the period. L. Roy Papp & Associates LLP’s holdings in PepsiCo were worth $7,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $28,000. Collier Financial acquired a new position in shares of PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at $31,000. Rakuten Securities Inc. boosted its position in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new position in PepsiCo during the 4th quarter worth $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $145.64 on Wednesday. The firm has a fifty day moving average price of $151.05 and a 200 day moving average price of $163.87. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The stock has a market cap of $199.75 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price target for the company. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Company Profile

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.