PepsiCo, Inc. (NASDAQ:PEP) Position Boosted by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,946 shares of the company’s stock after acquiring an additional 1,243 shares during the period. Pallas Capital Advisors LLC’s holdings in PepsiCo were worth $5,935,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Harbour Capital Advisors LLC raised its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $405,000. Manchester Capital Management LLC boosted its stake in PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares in the last quarter. Marion Wealth Management grew its holdings in PepsiCo by 31.7% during the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after acquiring an additional 1,900 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in PepsiCo by 20.1% in the 3rd quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock valued at $10,146,000 after acquiring an additional 10,005 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on PEP shares. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Friday, February 9th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Barclays upped their target price on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

PepsiCo Stock Up 0.3 %

PepsiCo stock opened at $175.48 on Monday. The company has a market capitalization of $241.20 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.74 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The firm’s fifty day simple moving average is $168.44 and its 200-day simple moving average is $167.94. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

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.