PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.8% in the fourth quarter, HoldingsChannel reports. The firm owned 9,123 shares of the company’s stock after purchasing an additional 1,104 shares during the quarter. Fidelis Capital Partners LLC’s holdings in PepsiCo were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its position in PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after acquiring an additional 42,831,405 shares during the period. Norges Bank acquired a new position in PepsiCo during the 4th quarter worth $2,519,707,000. Morgan Stanley boosted its position in PepsiCo by 21.0% during the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after acquiring an additional 4,629,947 shares during the period. International Assets Investment Management LLC boosted its position in PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after acquiring an additional 3,026,611 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in PepsiCo during the 3rd quarter worth $329,179,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Barclays boosted their price objective on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group boosted their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Trading Up 1.6 %

Shares of PepsiCo stock traded up $2.79 on Thursday, reaching $172.27. 5,573,781 shares of the company were exchanged, compared to its average volume of 5,722,261. The stock has a fifty day moving average price of $168.58 and a 200-day moving average price of $167.38. The firm has a market capitalization of $236.79 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.