PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,290 shares of the company’s stock after purchasing an additional 61 shares during the period. SYM FINANCIAL Corp’s holdings in PepsiCo were worth $389,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. River Global Investors LLP acquired a new position in shares of PepsiCo in the fourth quarter worth $927,000. Connecticut Wealth Management LLC grew its stake in PepsiCo by 83.0% during the 4th quarter. Connecticut Wealth Management LLC now owns 19,215 shares of the company’s stock worth $3,264,000 after purchasing an additional 8,717 shares in the last quarter. Avalon Trust Co raised its position in PepsiCo by 9.5% in the 4th quarter. Avalon Trust Co now owns 3,044 shares of the company’s stock valued at $517,000 after purchasing an additional 264 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of PepsiCo by 32.9% in the 4th quarter. National Bank of Canada FI now owns 1,960,499 shares of the company’s stock valued at $338,982,000 after buying an additional 485,437 shares during the period. Finally, Pointe Capital Management LLC increased its stake in shares of PepsiCo by 60.2% during the fourth quarter. Pointe Capital Management LLC now owns 4,250 shares of the company’s stock worth $722,000 after buying an additional 1,597 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.70 during trading on Friday, hitting $176.15. 3,492,120 shares of the stock were exchanged, compared to its average volume of 5,328,097. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a market cap of $242.17 billion, a PE ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.52. The company has a fifty day moving average price of $170.14 and a two-hundred day moving average price of $168.36. 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 (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share 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 analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 81.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PEP shares. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Barclays upped their price objective on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.