Cladis Investment Advisory LLC Has $803,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Cladis Investment Advisory LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,280 shares of the company’s stock after acquiring an additional 280 shares during the quarter. Cladis Investment Advisory LLC’s holdings in PepsiCo were worth $803,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $33,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $131.91 on Thursday. PepsiCo, Inc. has a one year low of $130.16 and a one year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business has a fifty day simple moving average of $144.69 and a 200 day simple moving average of $151.64. The firm has a market capitalization of $180.85 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.31%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is presently 79.71%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PEP shares. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.69.

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.