TCG Advisory Services LLC Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

TCG Advisory Services LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 66.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,999 shares of the company’s stock after buying an additional 7,159 shares during the period. TCG Advisory Services LLC’s holdings in PepsiCo were worth $3,057,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PEP. AJOVista LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $93,000. Baxter Bros Inc. increased its holdings in PepsiCo by 1.6% in the fourth quarter. Baxter Bros Inc. now owns 20,331 shares of the company’s stock valued at $3,453,000 after buying an additional 312 shares during the last quarter. ARS Wealth Advisors Group LLC raised its stake in PepsiCo by 7.1% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 95,454 shares of the company’s stock valued at $16,212,000 after buying an additional 6,365 shares in the last quarter. Provence Wealth Management Group boosted its position in shares of PepsiCo by 3.5% during the 4th quarter. Provence Wealth Management Group now owns 3,114 shares of the company’s stock worth $529,000 after acquiring an additional 104 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $3,357,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock traded up $0.70 during midday trading on Friday, reaching $176.15. The company’s stock had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. The firm has a market capitalization of $242.17 billion, a PE ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The stock’s 50 day simple moving average is $170.01 and its 200 day simple moving average is $168.26. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. The ex-dividend date is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 81.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Wedbush restated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. 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 note on Friday, April 5th. Finally, Barclays lifted their target price on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Company 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.