Ramsay Stattman Vela & Price Inc. Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Ramsay Stattman Vela & Price Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,011 shares of the company’s stock after buying an additional 145 shares during the quarter. PepsiCo accounts for approximately 2.1% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 17th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in PepsiCo were worth $11,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the 4th quarter worth $30,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in PepsiCo by 2.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,185 shares of the company’s stock worth $789,000 after acquiring an additional 141 shares in the last quarter. Cardinal Capital Management lifted its stake in PepsiCo by 0.4% in the fourth quarter. Cardinal Capital Management now owns 31,673 shares of the company’s stock worth $4,858,000 after acquiring an additional 127 shares during the period. Buckingham Capital Management Inc. boosted its position in PepsiCo by 3.8% during the 4th quarter. Buckingham Capital Management Inc. now owns 50,211 shares of the company’s stock valued at $7,635,000 after acquiring an additional 1,832 shares in the last quarter. Finally, Hudson Canyon Capital Management boosted its holdings in shares of PepsiCo by 35.4% in the 4th quarter. Hudson Canyon Capital Management now owns 13,550 shares of the company’s stock valued at $2,060,000 after buying an additional 3,543 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. BNP Paribas decreased their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada started coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

PEP stock opened at $143.39 on Tuesday. The company has a market capitalization of $196.66 billion, a P/E ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a 50-day simple moving average of $149.80 and a 200 day simple moving average of $163.06. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.34 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, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

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.