PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 16.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 729 shares of the company’s stock after buying an additional 101 shares during the quarter. Fourth Dimension Wealth LLC’s holdings in PepsiCo were worth $109,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Ossiam increased its position in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after buying an additional 13,461 shares during the period. Hutner Capital Management Inc. grew its holdings in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after purchasing an additional 6,865 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in PepsiCo during the 4th quarter worth about $47,899,000. Finally, Inspire Trust Co. N.A. lifted its position in PepsiCo by 39.2% during the 4th quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock valued at $2,604,000 after purchasing an additional 4,825 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PEP shares. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Barclays decreased their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $160.69.

PepsiCo Trading Up 0.0%

PepsiCo stock opened at $129.09 on Tuesday. The firm has a 50 day moving average of $132.83 and a 200 day moving average of $143.63. The firm has a market capitalization of $176.99 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.61 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.41%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.