PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lifted by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,570 shares of the company’s stock after purchasing an additional 1,579 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in PepsiCo were worth $1,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Swedbank AB lifted its stake in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after acquiring an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC lifted its stake in PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares during the last quarter. Maia Wealth LLC lifted its stake in PepsiCo by 32.7% in the third quarter. Maia Wealth LLC now owns 2,652 shares of the company’s stock valued at $457,000 after acquiring an additional 654 shares during the last quarter. JNBA Financial Advisors lifted its stake in PepsiCo by 3.5% in the third quarter. JNBA Financial Advisors now owns 4,168 shares of the company’s stock valued at $709,000 after acquiring an additional 140 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $961,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.5 %

PEP opened at $154.61 on Friday. The firm’s 50-day simple moving average is $148.77 and its 200-day simple moving average is $161.10. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market cap of $212.05 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Morgan Stanley reduced 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, February 5th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective for the company. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $172.35.

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.