Signaturefd LLC Boosts Holdings in PepsiCo (PEP)

Signaturefd LLC raised its position in shares of PepsiCo (NASDAQ:PEP) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 17,348 shares of the company’s stock after acquiring an additional 704 shares during the period. Signaturefd LLC’s holdings in PepsiCo were worth $2,080,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Tompkins Financial Corp boosted its position in shares of PepsiCo by 1.2% in the 4th quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after purchasing an additional 421 shares in the last quarter. Courier Capital LLC boosted its position in shares of PepsiCo by 0.6% in the 4th quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after purchasing an additional 430 shares in the last quarter. Bremer Trust National Association boosted its position in shares of PepsiCo by 6.9% in the 4th quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after purchasing an additional 435 shares in the last quarter. Perkins Coie Trust Co boosted its position in shares of PepsiCo by 1.5% in the 4th quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after purchasing an additional 435 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of PepsiCo by 2.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock worth $2,082,000 after purchasing an additional 450 shares in the last quarter. 71.05% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on PEP shares. Goldman Sachs reissued a “sell” rating on shares of PepsiCo in a research report on Tuesday, April 17th. Susquehanna Bancshares boosted their price target on PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research report on Monday, February 12th. TheStreet cut PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. Stifel Nicolaus dropped their price target on PepsiCo from $120.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, April 27th. Finally, SunTrust Banks assumed coverage on shares of PepsiCo in a report on Monday, January 29th. They issued a “hold” rating and a $125.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $120.36.

Shares of NASDAQ PEP opened at $97.51 on Monday. PepsiCo has a twelve month low of $95.94 and a twelve month high of $122.51. The company has a market capitalization of $138.25 billion, a P/E ratio of 18.64, a PEG ratio of 2.25 and a beta of 0.67. The company has a quick ratio of 1.15, a current ratio of 1.28 and a debt-to-equity ratio of 2.91.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 26th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.37 billion. PepsiCo had a net margin of 7.62% and a return on equity of 62.43%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. sell-side analysts expect that PepsiCo will post 5.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.9275 per share. The ex-dividend date is Thursday, May 31st. This is a positive change from PepsiCo’s previous quarterly dividend of $0.81. This represents a $3.71 dividend on an annualized basis and a yield of 3.80%. PepsiCo’s payout ratio is currently 61.57%.

PepsiCo announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

About PepsiCo

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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