PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lifted by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,847 shares of the company’s stock after buying an additional 1,160 shares during the period. Brown Lisle Cummings Inc.’s holdings in PepsiCo were worth $1,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Financial Services LLC boosted its holdings in shares of PepsiCo by 7.3% during the fourth quarter. Commonwealth Financial Services LLC now owns 4,087 shares of the company’s stock valued at $621,000 after acquiring an additional 277 shares during the period. Rockline Wealth Management LLC lifted its position in PepsiCo by 5.0% in the 4th quarter. Rockline Wealth Management LLC now owns 18,911 shares of the company’s stock valued at $2,876,000 after purchasing an additional 896 shares during the last quarter. Flavin Financial Services Inc. acquired a new position in PepsiCo during the 4th quarter valued at about $1,367,000. RBA Wealth Management LLC grew its position in PepsiCo by 1.0% in the 4th quarter. RBA Wealth Management LLC now owns 28,835 shares of the company’s stock worth $4,385,000 after purchasing an additional 275 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its stake in shares of PepsiCo by 939.6% in the fourth quarter. Calamos Wealth Management LLC now owns 69,723 shares of the company’s stock valued at $10,602,000 after purchasing an additional 63,016 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PEP shares. Barclays reduced their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $172.00 price target on shares of PepsiCo in a research note on Wednesday, January 29th. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $176.73.

PepsiCo Trading Down 0.3 %

Shares of NASDAQ PEP opened at $150.27 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market cap of $206.17 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.92 and a beta of 0.54. The business has a fifty day simple moving average of $153.12 and a 200-day simple moving average of $164.85.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. Sell-side analysts predict 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, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

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.