Sabal Trust CO grew its position in shares of PepsiCo (NASDAQ:PEP) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 225,417 shares of the company’s stock after buying an additional 6,395 shares during the quarter. PepsiCo makes up approximately 2.8% of Sabal Trust CO’s portfolio, making the stock its 16th largest holding. Sabal Trust CO’s holdings in PepsiCo were worth $27,032,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of PEP. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of PepsiCo by 233.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after purchasing an additional 1,050 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of PepsiCo during the fourth quarter worth about $197,000. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of PepsiCo during the fourth quarter worth about $201,000. Round Table Services LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $201,000. Finally, Crescent Grove Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $203,000. 70.91% of the stock is currently owned by institutional investors.
Shares of NASDAQ:PEP opened at $102.48 on Friday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.37. The stock has a market capitalization of $149,850.80, a P/E ratio of 19.59, a PEG ratio of 2.50 and a beta of 0.66. PepsiCo has a 52 week low of $102.27 and a 52 week high of $122.51.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The firm had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 earnings per share. sell-side analysts anticipate that PepsiCo will post 5.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were given 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 3.14%. PepsiCo’s payout ratio is currently 61.57%.
PepsiCo announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of equities analysts recently issued reports on the company. Jefferies Group reissued a “hold” rating and set a $113.00 price target on shares of PepsiCo in a report on Tuesday, February 13th. Susquehanna Bancshares raised their price target on PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a report on Monday, February 12th. TheStreet lowered PepsiCo from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. Cowen reissued a “buy” rating and set a $133.00 price target on shares of PepsiCo in a report on Tuesday, January 9th. Finally, JPMorgan Chase lowered their price target on PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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