CapWealth Advisors LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

CapWealth Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,056 shares of the company’s stock after purchasing an additional 665 shares during the quarter. PepsiCo makes up about 1.8% of CapWealth Advisors LLC’s investment portfolio, making the stock its 25th biggest position. CapWealth Advisors LLC’s holdings in PepsiCo were worth $16,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB increased its position in PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares during the last quarter. Swedbank AB grew its position in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after acquiring an additional 1,592,343 shares during the period. SPC Financial Inc. increased its stake in PepsiCo by 5.2% during the third quarter. SPC Financial Inc. now owns 3,032 shares of the company’s stock worth $516,000 after acquiring an additional 151 shares during the last quarter. Bfsg LLC raised its holdings in PepsiCo by 1.6% in the third quarter. Bfsg LLC now owns 12,863 shares of the company’s stock valued at $2,187,000 after buying an additional 201 shares during the period. Finally, Good Life Advisors LLC grew its stake in PepsiCo by 74.9% during the third quarter. Good Life Advisors LLC now owns 6,221 shares of the company’s stock worth $1,058,000 after buying an additional 2,664 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $143.39 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market cap of $196.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The business’s 50 day moving average is $150.09 and its 200-day moving average is $163.41. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Analyst Ratings Changes

Several analysts recently issued reports on PEP shares. BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays dropped their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $171.47.

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.