Deltec Asset Management LLC Acquires Shares of 3,727 PepsiCo, Inc. (NASDAQ:PEP)

Deltec Asset Management LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,727 shares of the company’s stock, valued at approximately $633,000.

Other large investors have also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. acquired a new position in shares of PepsiCo during the third quarter worth approximately $25,000. Pacifica Partners Inc. acquired a new position in PepsiCo during the 3rd quarter worth $27,000. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the 4th quarter valued at $34,000. West Tower Group LLC bought a new stake in shares of PepsiCo during the second quarter worth $36,000. Finally, VitalStone Financial LLC acquired a new stake in PepsiCo in the second quarter worth about $46,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.8 %

PepsiCo stock opened at $175.01 on Monday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a 50-day simple moving average of $168.44 and a 200 day simple moving average of $167.94. The stock has a market capitalization of $240.55 billion, a P/E ratio of 26.64, a PEG ratio of 2.74 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same period in the previous year, the firm earned $1.67 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Friday, February 9th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Finally, Barclays lifted their target price on PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $187.77.

Check Out Our Latest Research Report on PepsiCo

PepsiCo Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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