PepsiCo, Inc. $PEP Shares Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 25.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,097 shares of the company’s stock after acquiring an additional 5,240 shares during the period. Dana Investment Advisors Inc.’s holdings in PepsiCo were worth $3,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new position in PepsiCo during the 3rd quarter worth approximately $27,000. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo during the 4th quarter worth approximately $29,000. Imprint Wealth LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Strategic Advocates LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $149.12 on Monday. The business’s 50 day simple moving average is $155.25 and its 200-day simple moving average is $152.41. The firm has a market capitalization of $203.81 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.38. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo announced that its board has initiated a share repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio is currently 89.32%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent analyst reports. UBS Group dropped their target price on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Citigroup boosted their target price on PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Barclays boosted their target price on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group boosted their price target on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.37.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.