Cullen Capital Management LLC Has $1.51 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Cullen Capital Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 66.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,705 shares of the company’s stock after purchasing an additional 3,460 shares during the period. Cullen Capital Management LLC’s holdings in PepsiCo were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. lifted its stake in PepsiCo by 86.9% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Fortis Advisors LLC bought a new position in PepsiCo in the 3rd quarter valued at about $38,000. Leverty Financial Group LLC bought a new position in PepsiCo in the 4th quarter valued at about $38,000. Bell Investment Advisors Inc bought a new position in PepsiCo in the 3rd quarter valued at about $56,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in PepsiCo by 229.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock valued at $56,000 after acquiring an additional 225 shares during the period. Institutional investors own 72.12% of the company’s stock.

Shares of NASDAQ:PEP traded down $0.20 during mid-day trading on Tuesday, reaching $171.50. 337,511 shares of the company’s stock were exchanged, compared to its average volume of 5,594,739. The firm has a market capitalization of $237.13 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.39 and a beta of 0.58. The business’s fifty day moving average price is $167.57 and its 200-day moving average price is $167.91. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. PepsiCo, Inc. has a twelve month low of $143.58 and a twelve month high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.06. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a dividend yield of 2.68%. PepsiCo’s payout ratio is presently 58.82%.

PEP has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $173.00 to $175.00 in a report on Wednesday, April 27th. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Tuesday, February 15th. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 price objective on the stock in a research note on Monday, April 4th. Finally, Citigroup lifted their price objective on shares of PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of “Buy” and a consensus target price of $176.56.

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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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