Brighton Jones LLC Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Brighton Jones LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,853 shares of the company’s stock after purchasing an additional 306 shares during the quarter. Brighton Jones LLC’s holdings in PepsiCo were worth $4,221,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA raised its holdings in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc acquired a new position in PepsiCo during the 4th quarter valued at approximately $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $36,000. Criterion Capital Advisors LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $39,000. Finally, Avion Wealth boosted its position in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PEP. 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. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Trading Down 0.1 %

NASDAQ PEP traded down $0.23 on Tuesday, reaching $175.91. The company had a trading volume of 4,465,101 shares, compared to its average volume of 5,806,826. The stock’s 50 day moving average is $169.60 and its 200-day moving average is $168.05. The stock has a market cap of $241.84 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.86 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s payout ratio is currently 76.09%.

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.