Syon Capital LLC Buys 3,511 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Syon Capital LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 31.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,840 shares of the company’s stock after purchasing an additional 3,511 shares during the quarter. Syon Capital LLC’s holdings in PepsiCo were worth $2,520,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its holdings in PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after acquiring an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after purchasing an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of PepsiCo in the fourth quarter worth about $405,000. Manchester Capital Management LLC raised its stake in shares of PepsiCo by 1.4% in the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after purchasing an additional 185 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in shares of PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $1.10 during trading on Friday, reaching $175.58. The stock had a trading volume of 4,463,977 shares, compared to its average volume of 5,855,188. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The business has a fifty day moving average price of $169.22 and a 200-day moving average price of $167.76. The stock has a market cap of $241.39 billion, a PE ratio of 26.52, a PEG ratio of 2.80 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PEP. Barclays raised their price objective on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Jefferies Financial Group boosted their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.