SG Americas Securities LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3,234.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,207 shares of the company’s stock after purchasing an additional 457,075 shares during the quarter. PepsiCo makes up about 0.5% of SG Americas Securities LLC’s portfolio, making the stock its 19th biggest holding. SG Americas Securities LLC’s holdings in PepsiCo were worth $56,507,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of PEP. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of PepsiCo during the 4th quarter worth approximately $201,000. Round Table Services LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $201,000. Bouchey Financial Group Ltd bought a new position in shares of PepsiCo during the 4th quarter worth approximately $214,000. Oakmont Partners LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $220,000. Finally, KCS Wealth Advisory bought a new position in shares of PepsiCo during the 4th quarter worth approximately $239,000. Hedge funds and other institutional investors own 70.79% of the company’s stock.
Several brokerages have recently commented on PEP. BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 target price on shares of PepsiCo in a research note on Friday, December 22nd. Jefferies Group reiterated a “hold” rating and set a $113.00 target price on shares of PepsiCo in a research note on Tuesday, February 13th. SunTrust Banks reduced their target price on PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PepsiCo presently has an average rating of “Hold” and an average target price of $123.04.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. equities analysts predict that PepsiCo, Inc. will post 5.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be paid a $0.805 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 annualized dividend and a yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is presently 95.55%.
PepsiCo announced that its board has initiated a stock buyback plan on Tuesday, February 13th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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