Stokes Family Office LLC Purchases 1,065 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stokes Family Office LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,411 shares of the company’s stock after buying an additional 1,065 shares during the quarter. Stokes Family Office LLC’s holdings in PepsiCo were worth $5,081,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PEP. Collier Financial bought a new position in PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.6 %

Shares of PepsiCo stock opened at $148.99 on Wednesday. The firm has a 50-day moving average of $148.94 and a 200-day moving average of $159.58. The stock has a market cap of $204.34 billion, a PE ratio of 21.44, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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 given a $1.355 dividend. 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 3.64%. PepsiCo’s payout ratio is presently 77.99%.

Analyst Ratings Changes

A number of analysts have recently issued reports on PEP shares. Morgan Stanley lowered their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. UBS Group lowered their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price on the stock. Finally, Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $168.00 to $156.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $169.88.

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.