W.H. Cornerstone Investments Inc. Has $565,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

W.H. Cornerstone Investments Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,328 shares of the company’s stock after buying an additional 685 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in PepsiCo were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Bangor Savings Bank boosted its position in PepsiCo by 1.8% during the third quarter. Bangor Savings Bank now owns 22,493 shares of the company’s stock worth $3,811,000 after purchasing an additional 393 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in PepsiCo by 1.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 670,069 shares of the company’s stock valued at $113,536,000 after buying an additional 12,000 shares during the last quarter. Guyasuta Investment Advisors Inc. raised its holdings in PepsiCo by 1.0% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 253,084 shares of the company’s stock valued at $42,882,000 after acquiring an additional 2,475 shares during the period. BLB&B Advisors LLC lifted its position in PepsiCo by 3.2% during the third quarter. BLB&B Advisors LLC now owns 28,192 shares of the company’s stock worth $4,777,000 after acquiring an additional 871 shares during the last quarter. Finally, Segment Wealth Management LLC boosted its holdings in shares of PepsiCo by 13.7% during the third quarter. Segment Wealth Management LLC now owns 6,565 shares of the company’s stock worth $1,112,000 after acquiring an additional 791 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on PEP shares. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Trading Up 0.4 %

Shares of PEP stock traded up $0.70 during mid-day trading on Friday, reaching $176.15. 3,492,120 shares of the stock traded hands, compared to its average volume of 5,328,097. The stock’s fifty day simple moving average is $170.14 and its two-hundred day simple moving average is $168.46. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year 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 has a market cap of $242.17 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s payout ratio is presently 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.