Mosaic Family Wealth LLC reduced its position in PepsiCo (NASDAQ:PEP) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,150 shares of the company’s stock after selling 722 shares during the quarter. Mosaic Family Wealth LLC’s holdings in PepsiCo were worth $1,097,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tompkins Financial Corp grew its position in shares of PepsiCo by 1.2% during the fourth quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after buying an additional 421 shares in the last quarter. Courier Capital LLC grew its position in shares of PepsiCo by 0.6% during the fourth quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after buying an additional 430 shares in the last quarter. Bremer Trust National Association grew its position in shares of PepsiCo by 6.9% during the fourth quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after buying an additional 435 shares in the last quarter. Perkins Coie Trust Co grew its position in shares of PepsiCo by 1.5% during the fourth quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after buying an additional 435 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its position in shares of PepsiCo by 2.7% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock worth $2,082,000 after buying an additional 450 shares in the last quarter. 69.85% of the stock is owned by institutional investors.
PEP stock opened at $99.51 on Tuesday. The company has a market cap of $138.25 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. PepsiCo has a fifty-two week low of $95.94 and a fifty-two week high of $122.51. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.28 and a quick ratio of 1.15.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 26th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.37 billion. PepsiCo had a return on equity of 62.43% and a net margin of 7.62%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. sell-side analysts anticipate that PepsiCo will post 5.69 earnings per share for the current fiscal year.
PepsiCo announced that its Board of Directors has authorized 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 buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be paid a dividend of $0.9275 per share. This is a boost from PepsiCo’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $3.71 annualized dividend and a yield of 3.73%. PepsiCo’s payout ratio is presently 61.57%.
A number of equities analysts have recently commented on the company. Susquehanna Bancshares set a $130.00 price objective on PepsiCo and gave the stock a “buy” rating in a research report on Friday, May 4th. SunTrust Banks lowered their price objective on PepsiCo to $105.00 and set a “hold” rating for the company in a research report on Friday, April 27th. Stifel Nicolaus lowered their price objective on PepsiCo from $120.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, April 27th. ValuEngine downgraded PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, BidaskClub downgraded PepsiCo from a “sell” rating to a “strong sell” rating in a research report on Friday, May 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. PepsiCo has a consensus rating of “Hold” and a consensus price target of $120.36.
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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