Boston Family Office LLC Boosts Stock Position in PepsiCo, Inc. $PEP

Boston Family Office LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,023 shares of the company’s stock after purchasing an additional 1,096 shares during the quarter. Boston Family Office LLC’s holdings in PepsiCo were worth $8,586,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Claris Advisors LLC MO grew its stake in PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. increased its holdings in shares of PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after acquiring an additional 229 shares during the period. Merit Financial Group LLC raised its position in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after purchasing an additional 36,239 shares during the last quarter. Fulton Bank N.A. boosted its stake in PepsiCo by 2.5% during the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after purchasing an additional 620 shares during the period. Finally, Naples Global Advisors LLC increased its stake in PepsiCo by 2.3% in the second quarter. Naples Global Advisors LLC now owns 26,270 shares of the company’s stock valued at $3,469,000 after purchasing an additional 592 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Loop Capital set a $164.00 price objective on PepsiCo in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. JPMorgan Chase & Co. cut their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Citigroup lowered their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.90.

PepsiCo Price Performance

PepsiCo stock opened at $148.91 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $163.65. The company has a market cap of $203.61 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The business has a fifty day moving average of $146.01 and a two-hundred day moving average of $141.18.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is 108.17%.

About PepsiCo

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.