Paradigm Financial Partners LLC Buys 692 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Paradigm Financial Partners LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 27,343 shares of the company’s stock after acquiring an additional 692 shares during the quarter. PepsiCo comprises about 1.1% of Paradigm Financial Partners LLC’s portfolio, making the stock its 23rd biggest holding. Paradigm Financial Partners LLC’s holdings in PepsiCo were worth $4,644,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA raised its holdings in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the 4th quarter worth $34,000. Naples Money Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $36,000. Criterion Capital Advisors LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $39,000. Finally, Avion Wealth raised its holdings in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Jefferies Financial Group upped their target price on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. upped their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Trading Down 0.6 %

Shares of NASDAQ PEP traded down $1.10 during trading on Friday, reaching $175.58. The company had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company’s fifty day moving average price is $169.40 and its 200-day moving average price is $167.88. The stock has a market cap of $241.39 billion, a P/E ratio of 26.40, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.88%. PepsiCo’s payout ratio is currently 76.09%.

PepsiCo 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.