Farther Finance Advisors LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Farther Finance Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.1% during the 4th quarter, Holdings Channel reports. The firm owned 28,960 shares of the company’s stock after acquiring an additional 1,923 shares during the quarter. Farther Finance Advisors LLC’s holdings in PepsiCo were worth $4,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Collier Financial acquired a new position in PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter worth $31,000. Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 2.7 %

Shares of PepsiCo stock opened at $148.17 on Thursday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $203.22 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 3.09 and a beta of 0.52. The stock has a 50 day moving average of $148.82 and a 200 day moving average of $160.37.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.59.

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.