Fairvoy Private Wealth LLC Buys Shares of 4,407 PepsiCo, Inc. (NASDAQ:PEP)

Fairvoy Private Wealth LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,407 shares of the company’s stock, valued at approximately $670,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. Keystone Financial Group Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth about $69,000. William Allan Corp grew its holdings in PepsiCo by 5.0% during the 4th quarter. William Allan Corp now owns 14,133 shares of the company’s stock valued at $2,149,000 after buying an additional 679 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in PepsiCo by 45.2% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 54,317 shares of the company’s stock valued at $8,321,000 after purchasing an additional 16,900 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in PepsiCo by 23.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 264,826 shares of the company’s stock worth $40,269,000 after acquiring an additional 50,964 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $162,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PEP. Deutsche Bank Aktiengesellschaft reduced their target price 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. Wells Fargo & Company cut their target price 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. Morgan Stanley lowered 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 note on Wednesday. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Evercore ISI reduced their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Down 0.2 %

Shares of NASDAQ:PEP opened at $145.35 on Friday. The stock has a 50 day moving average price of $152.15 and a 200-day moving average price of $164.39. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market capitalization of $199.42 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the firm earned $1.78 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 79.94%.

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.