Altrius Capital Management Inc Buys 842 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Altrius Capital Management Inc lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,024 shares of the company’s stock after acquiring an additional 842 shares during the quarter. Altrius Capital Management Inc’s holdings in PepsiCo were worth $3,401,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. TFG Advisers LLC raised its holdings in PepsiCo by 2.8% in the 3rd quarter. TFG Advisers LLC now owns 18,778 shares of the company’s stock valued at $3,182,000 after acquiring an additional 519 shares in the last quarter. Penn Davis Mcfarland Inc. raised its holdings in shares of PepsiCo by 8.7% in the 3rd quarter. Penn Davis Mcfarland Inc. now owns 2,485 shares of the company’s stock worth $421,000 after buying an additional 199 shares in the last quarter. First Personal Financial Services raised its holdings in shares of PepsiCo by 7.4% in the 3rd quarter. First Personal Financial Services now owns 34,728 shares of the company’s stock worth $5,884,000 after buying an additional 2,396 shares in the last quarter. Zullo Investment Group Inc. raised its holdings in shares of PepsiCo by 3.5% in the 3rd quarter. Zullo Investment Group Inc. now owns 7,410 shares of the company’s stock worth $1,256,000 after buying an additional 250 shares in the last quarter. Finally, Accel Wealth Management raised its holdings in shares of PepsiCo by 5.0% in the 3rd quarter. Accel Wealth Management now owns 11,377 shares of the company’s stock worth $1,928,000 after buying an additional 539 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.3 %

Shares of NASDAQ:PEP traded up $0.56 during midday trading on Monday, hitting $176.14. 3,199,021 shares of the stock traded hands, compared to its average volume of 5,822,914. The stock has a market capitalization of $242.15 billion, a PE ratio of 26.46, a P/E/G ratio of 2.86 and a beta of 0.53. The business’s 50 day moving average is $169.40 and its two-hundred day moving average is $167.92. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is 76.09%.

Analysts Set New Price Targets

A number of brokerages have commented on PEP. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.