LaFleur & Godfrey LLC lessened its holdings in PepsiCo (NASDAQ:PEP) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,586 shares of the company’s stock after selling 1,325 shares during the period. PepsiCo accounts for about 1.4% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 26th biggest holding. LaFleur & Godfrey LLC’s holdings in PepsiCo were worth $5,826,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Bremer Trust National Association lifted its position in PepsiCo by 6.9% during the 4th quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after acquiring an additional 435 shares during the last quarter. Perkins Coie Trust Co lifted its position in PepsiCo by 1.5% during the 4th quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after acquiring an additional 435 shares during the last quarter. First Manhattan Co. lifted its position in PepsiCo by 0.4% during the 4th quarter. First Manhattan Co. now owns 154,469 shares of the company’s stock worth $18,524,000 after acquiring an additional 591 shares during the last quarter. Patriot Wealth Management Inc. lifted its position in PepsiCo by 1.5% during the 4th quarter. Patriot Wealth Management Inc. now owns 41,517 shares of the company’s stock worth $4,979,000 after acquiring an additional 610 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its position in PepsiCo by 0.3% during the 4th quarter. Chesley Taft & Associates LLC now owns 250,366 shares of the company’s stock worth $30,024,000 after acquiring an additional 686 shares during the last quarter. 70.84% of the stock is owned by hedge funds and other institutional investors.
NASDAQ PEP traded down $1.27 on Friday, reaching $109.30. The company’s stock had a trading volume of 3,579,131 shares, compared to its average volume of 4,273,410. The stock has a market cap of $155,145.34, a P/E ratio of 20.90, a PEG ratio of 2.59 and a beta of 0.66. PepsiCo has a 52 week low of $105.94 and a 52 week high of $122.51. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. research analysts anticipate that PepsiCo will post 5.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were paid a $0.805 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.95%. PepsiCo’s payout ratio is currently 61.57%.
PepsiCo announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 13th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
A number of research analysts have recently commented on PEP shares. SunTrust Banks started coverage on shares of PepsiCo in a research report on Monday, January 29th. They set a “hold” rating and a $125.00 price objective for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $124.00 price objective (up previously from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. Wells Fargo upped their price objective on shares of PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. BidaskClub lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PepsiCo has an average rating of “Hold” and an average price target of $123.04.
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PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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