Pennington Partners & CO. LLC Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Pennington Partners & CO. LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,675 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PEP. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Barclays lowered their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Bank of America cut their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Down 1.5 %

PEP opened at $133.55 on Friday. PepsiCo, Inc. has a 52 week low of $131.52 and a 52 week high of $183.41. The business has a 50 day moving average price of $146.40 and a two-hundred day moving average price of $152.82. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $183.14 billion, a PE ratio of 19.22, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the company earned $1.61 EPS. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. PepsiCo’s dividend payout ratio (DPR) is 79.71%.

About PepsiCo

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.