Summit Securities Group LLC Invests $33,000 in PepsiCo, Inc. (NASDAQ:PEP)

Summit Securities Group LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 216 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in PepsiCo by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,516,146 shares of the company’s stock valued at $686,725,000 after purchasing an additional 595,257 shares during the period. American Money Management LLC lifted its position in shares of PepsiCo by 2.8% during the fourth quarter. American Money Management LLC now owns 26,873 shares of the company’s stock valued at $4,086,000 after buying an additional 738 shares during the last quarter. BlueChip Wealth Advisors LLC grew its position in shares of PepsiCo by 5.0% in the 4th quarter. BlueChip Wealth Advisors LLC now owns 2,735 shares of the company’s stock worth $416,000 after buying an additional 129 shares during the last quarter. Allianz SE purchased a new position in PepsiCo in the fourth quarter worth $6,686,000. Finally, Transamerica Financial Advisors Inc. lifted its holdings in shares of PepsiCo by 12.9% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 6,141 shares of the company’s stock valued at $934,000 after purchasing an additional 703 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3 %

PEP stock opened at $149.27 on Monday. The firm has a market cap of $204.72 billion, a PE ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a one year low of $141.51 and a one year 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. The firm’s 50 day moving average price is $149.25 and its 200-day moving average price is $157.91.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PEP shares. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft dropped 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. Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.