Borer Denton & Associates Inc. Has $9.48 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Borer Denton & Associates Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,366 shares of the company’s stock after buying an additional 667 shares during the period. PepsiCo makes up 3.3% of Borer Denton & Associates Inc.’s portfolio, making the stock its 11th biggest position. Borer Denton & Associates Inc.’s holdings in PepsiCo were worth $9,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth about $34,000. Finally, Human Investing LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PEP shares. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Citigroup cut their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Trading Down 0.6 %

NASDAQ PEP opened at $145.54 on Wednesday. The stock has a 50 day moving average of $149.09 and a 200-day moving average of $158.50. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market cap of $199.61 billion, a PE ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52. 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 issued 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. PepsiCo’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued 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 dividend yield of 3.72%. PepsiCo’s payout ratio is 77.99%.

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.