Transcend Capital Advisors LLC Purchases 780 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Transcend Capital Advisors LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,671 shares of the company’s stock after buying an additional 780 shares during the period. Transcend Capital Advisors LLC’s holdings in PepsiCo were worth $4,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Cerity Partners LLC grew its stake in PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after purchasing an additional 370,122 shares during the period. Harbour Capital Advisors LLC grew its stake in PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $405,000. Manchester Capital Management LLC grew its stake in PepsiCo by 1.4% in the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after acquiring an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,159 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on PEP shares. Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday. Jefferies Financial Group raised their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Stock Down 0.6 %

PEP traded down $1.10 during trading on Friday, hitting $175.58. 4,472,102 shares of the company’s stock traded hands, compared to its average volume of 5,365,961. The company’s 50 day simple moving average is $169.40 and its two-hundred day simple moving average is $167.86. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The stock has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.88 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.50 EPS. Analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. PepsiCo’s payout ratio is 76.09%.

PepsiCo 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.