Ropes Wealth Advisors LLC Purchases 91 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Ropes Wealth Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.3% in the fourth quarter, HoldingsChannel reports. The fund owned 32,482 shares of the company’s stock after buying an additional 91 shares during the period. PepsiCo accounts for approximately 1.0% of Ropes Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Ropes Wealth Advisors LLC’s holdings in PepsiCo were worth $5,642,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new stake in PepsiCo in the third quarter valued at about $256,000. Keudell Morrison Wealth Management increased its holdings in PepsiCo by 5.7% in the third quarter. Keudell Morrison Wealth Management now owns 5,324 shares of the company’s stock valued at $801,000 after purchasing an additional 289 shares during the last quarter. EagleClaw Capital Managment LLC grew its stake in PepsiCo by 12.9% in the third quarter. EagleClaw Capital Managment LLC now owns 6,600 shares of the company’s stock valued at $992,000 after acquiring an additional 755 shares during the period. Merriman Wealth Management LLC grew its stake in PepsiCo by 6.3% in the third quarter. Merriman Wealth Management LLC now owns 1,687 shares of the company’s stock valued at $254,000 after acquiring an additional 100 shares during the period. Finally, Banque Pictet & Cie SA grew its stake in PepsiCo by 2.8% in the third quarter. Banque Pictet & Cie SA now owns 2,300,673 shares of the company’s stock valued at $346,044,000 after acquiring an additional 62,463 shares during the period. Institutional investors own 72.12% of the company’s stock.

A number of research analysts have issued reports on PEP shares. Morgan Stanley boosted their target price on PepsiCo from $172.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 8th. Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Citigroup upped their price objective on PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Barclays reduced their price objective on PepsiCo from $186.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, February 14th. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 9th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $176.56.

NASDAQ:PEP traded up $3.32 on Friday, hitting $173.72. The company’s stock had a trading volume of 4,713,867 shares, compared to its average volume of 5,371,708. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. The stock has a fifty day moving average of $168.17 and a two-hundred day moving average of $168.12. The firm has a market capitalization of $240.20 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.39 and a beta of 0.58. PepsiCo, Inc. has a one year low of $144.08 and a one year high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be paid a $1.15 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.60 annualized dividend and a yield of 2.65%. PepsiCo’s dividend payout ratio is currently 58.82%.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPGet Rating).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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