PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,037 shares of the company’s stock after purchasing an additional 1,541 shares during the quarter. PepsiCo accounts for about 9.9% of Gallacher Capital Management LLC’s portfolio, making the stock its largest position. Gallacher Capital Management LLC’s holdings in PepsiCo were worth $17,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA grew its holdings in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Life Planning Partners Inc bought a new stake in PepsiCo during the 4th quarter worth approximately $34,000. Naples Money Management LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $39,000. Finally, Avion Wealth grew its holdings in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.4 %

Shares of PepsiCo stock traded up $0.70 during trading on Friday, reaching $176.15. 3,492,120 shares of the company traded hands, compared to its average volume of 5,328,097. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a 50 day moving average price of $170.14 and a 200-day moving average price of $168.46. The firm has a market capitalization of $242.17 billion, a PE ratio of 26.49, a P/E/G ratio of 2.87 and a beta of 0.52.

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

PepsiCo Increases Dividend

The firm also recently disclosed 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 is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio is presently 76.09%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group upped their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $195.00 in a research note 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 data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and an average target price 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.