Braun Bostich & Associates Inc. Acquires New Position in PepsiCo, Inc. (NASDAQ:PEP)

Braun Bostich & Associates Inc. acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,500 shares of the company’s stock, valued at approximately $425,000.

A number of other hedge funds also recently made changes to their positions in PEP. Moneta Group Investment Advisors LLC grew its stake in shares of PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after acquiring an additional 42,831,405 shares during the period. Norges Bank purchased a new position in PepsiCo in the 4th quarter worth approximately $2,519,707,000. Morgan Stanley lifted its holdings in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. Finally, Comerica Bank purchased a new position in PepsiCo in the 2nd quarter worth approximately $360,472,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and cut their target price for the company from $185.00 to $176.00 in a research report on Tuesday, December 19th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group upped their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.83.

View Our Latest Stock Analysis on PEP

PepsiCo Stock Down 0.3 %

Shares of NASDAQ PEP traded down $0.59 during mid-day trading on Thursday, reaching $168.36. 4,241,490 shares of the company were exchanged, compared to its average volume of 5,777,026. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a market cap of $231.41 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 2.65 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The firm has a 50-day moving average of $168.90 and a 200 day moving average of $167.49.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

PepsiCo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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