Lake Street Advisors Group LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Lake Street Advisors Group LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 35.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,854 shares of the company’s stock after buying an additional 5,750 shares during the period. Lake Street Advisors Group LLC’s holdings in PepsiCo were worth $3,354,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth $28,000. Collier Financial acquired a new position in PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the fourth quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter worth about $31,000. Finally, Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PEP. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Up 1.7 %

Shares of NASDAQ PEP opened at $156.42 on Wednesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market cap of $214.53 billion, a PE ratio of 22.51, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a 50-day moving average of $148.62 and a 200 day moving average of $161.87.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $1.78 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.47%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

PepsiCo 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.