PrairieView Partners LLC Acquires 245 Shares of PepsiCo, Inc. (NASDAQ:PEP)

PrairieView Partners LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 745 shares of the company’s stock after purchasing an additional 245 shares during the period. PrairieView Partners LLC’s holdings in PepsiCo were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cross Staff Investments Inc boosted its stake in shares of PepsiCo by 0.9% during the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock worth $1,204,000 after buying an additional 60 shares during the period. Paulson Wealth Management Inc. boosted its stake in shares of PepsiCo by 2.1% during the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after buying an additional 60 shares during the period. LCM Capital Management Inc boosted its stake in shares of PepsiCo by 0.8% during the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after buying an additional 62 shares during the period. Demars Financial Group LLC boosted its stake in shares of PepsiCo by 1.1% during the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after buying an additional 62 shares during the period. Finally, Sigma Investment Counselors Inc. boosted its stake in shares of PepsiCo by 1.6% during the third quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock worth $733,000 after buying an additional 66 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Citigroup dropped their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley dropped their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Down 1.1 %

Shares of NASDAQ:PEP opened at $143.99 on Thursday. The company has a 50 day moving average of $150.73 and a 200-day moving average of $163.68. The firm has a market cap of $197.48 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS 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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.76%. PepsiCo’s dividend payout ratio is currently 77.99%.

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.