PepsiCo, Inc. (NASDAQ:PEP) Position Increased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,922 shares of the company’s stock after acquiring an additional 314 shares during the quarter. Parkside Financial Bank & Trust’s holdings in PepsiCo were worth $2,704,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after buying an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in PepsiCo in the 3rd quarter worth $329,179,000. Flossbach Von Storch AG grew its position in PepsiCo by 121.4% in the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after purchasing an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System grew its position in PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in PepsiCo by 68.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after purchasing an additional 1,183,371 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Barclays lifted their price target on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Up 0.9 %

Shares of PEP stock traded up $1.57 during trading hours on Wednesday, hitting $172.79. 1,509,070 shares of the company were exchanged, compared to its average volume of 5,741,488. The business has a 50 day moving average of $168.84 and a two-hundred day moving average of $167.63. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a market capitalization of $237.50 billion, a PE ratio of 25.76, a PEG ratio of 2.77 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

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.