Everett Harris & Co. CA Acquires 10,795 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Everett Harris & Co. CA raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 416,194 shares of the company’s stock after buying an additional 10,795 shares during the quarter. PepsiCo comprises 1.0% of Everett Harris & Co. CA’s investment portfolio, making the stock its 25th largest position. Everett Harris & Co. CA’s holdings in PepsiCo were worth $70,686,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. DHJJ Financial Advisors Ltd. bought a new stake in PepsiCo during the third quarter worth $25,000. Pacifica Partners Inc. purchased a new position in shares of PepsiCo in the 3rd quarter worth about $27,000. West Tower Group LLC bought a new position in PepsiCo during the second quarter valued at about $36,000. VitalStone Financial LLC purchased a new stake in PepsiCo during the second quarter worth about $46,000. Finally, Pacific Center for Financial Services purchased a new position in PepsiCo in the first quarter valued at about $47,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PEP traded up $1.44 during mid-day trading on Thursday, reaching $175.01. 5,710,410 shares of the stock traded hands, compared to its average volume of 5,942,093. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. The firm has a fifty day moving average price of $168.10 and a 200 day moving average price of $167.99.

PepsiCo (NASDAQ:PEP) last announced 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 prior year, the company earned $1.67 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Barclays upped their price target on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

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.