Mainstay Capital Management LLC ADV Buys 1,393 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mainstay Capital Management LLC ADV raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,235 shares of the company’s stock after acquiring an additional 1,393 shares during the period. Mainstay Capital Management LLC ADV’s holdings in PepsiCo were worth $948,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Conscious Wealth Investments LLC grew its holdings in PepsiCo by 2.4% during the 4th quarter. Conscious Wealth Investments LLC now owns 14,609 shares of the company’s stock valued at $2,165,000 after purchasing an additional 340 shares during the last quarter. B&D White Capital Company LLC boosted its position in PepsiCo by 703.5% in the 4th quarter. B&D White Capital Company LLC now owns 72,520 shares of the company’s stock valued at $11,027,000 after buying an additional 63,495 shares during the period. Y Intercept Hong Kong Ltd boosted its position in PepsiCo by 50.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 37,472 shares of the company’s stock valued at $5,698,000 after buying an additional 12,524 shares during the period. Partners Wealth Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $466,000. Finally, Black Diamond Financial LLC boosted its position in PepsiCo by 6.5% in the 4th quarter. Black Diamond Financial LLC now owns 4,670 shares of the company’s stock valued at $710,000 after buying an additional 285 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 3.0 %

Shares of NASDAQ:PEP opened at $153.50 on Monday. The firm has a 50 day simple moving average of $148.66 and a 200-day simple moving average of $162.11. The company has a market capitalization of $210.53 billion, a PE ratio of 22.09, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 during 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 quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PEP shares. BNP Paribas lowered their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Barclays decreased their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $171.47.

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.