Shorepoint Capital Partners LLC Has $5.21 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Shorepoint Capital Partners LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,247 shares of the company’s stock after buying an additional 644 shares during the quarter. PepsiCo makes up about 1.2% of Shorepoint Capital Partners LLC’s portfolio, making the stock its 27th biggest position. Shorepoint Capital Partners LLC’s holdings in PepsiCo were worth $5,208,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PEP. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter worth about $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter worth about $30,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PEP shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One equities research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $162.00.

PepsiCo Stock Down 1.4 %

PEP stock opened at $133.38 on Friday. The stock has a 50-day simple moving average of $147.70 and a two-hundred day simple moving average of $153.79. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $131.80 and a twelve month high of $183.41. The firm has a market capitalization of $182.91 billion, a PE ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.04). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.