Teamwork Financial Advisors LLC Has $2.31 Million Stock Holdings in PepsiCo, Inc. $PEP

Teamwork Financial Advisors LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 27.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,443 shares of the company’s stock after acquiring an additional 3,582 shares during the period. Teamwork Financial Advisors LLC’s holdings in PepsiCo were worth $2,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $166,678,000. Accredited Wealth Management LLC lifted its position in shares of PepsiCo by 7.5% during the 1st quarter. Accredited Wealth Management LLC now owns 1,561 shares of the company’s stock worth $234,000 after buying an additional 109 shares during the period. United Asset Strategies Inc. boosted its stake in PepsiCo by 68.7% in the 1st quarter. United Asset Strategies Inc. now owns 20,912 shares of the company’s stock valued at $3,135,000 after buying an additional 8,517 shares in the last quarter. Finally, Brown Shipley& Co Ltd grew its position in PepsiCo by 20.6% in the first quarter. Brown Shipley& Co Ltd now owns 761 shares of the company’s stock valued at $114,000 after acquiring an additional 130 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. UBS Group reiterated a “buy” rating and set a $172.00 target price on shares of PepsiCo in a research report on Tuesday, December 9th. Citigroup boosted their price target on shares of PepsiCo from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. HSBC raised their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $158.75.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $149.37 on Friday. The firm has a 50 day simple moving average of $148.04 and a 200 day simple moving average of $142.74. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market cap of $204.24 billion, a P/E ratio of 28.40, a P/E/G ratio of 5.18 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.31 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

PepsiCo 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.