Consolidated Portfolio Review Corp Takes $455,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Consolidated Portfolio Review Corp bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, HoldingsChannel.com reports. The fund bought 2,990 shares of the company’s stock, valued at approximately $455,000.

Several other large investors have also recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new stake in PepsiCo in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter valued at $31,000. Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the period. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter valued at about $44,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $144.58 on Friday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm’s 50-day moving average is $151.80 and its 200 day moving average is $164.26. The stock has a market cap of $198.29 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. Barclays reduced their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $171.47.

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.