Harbor Advisory Corp MA Has $5.14 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Harbor Advisory Corp MA decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,272 shares of the company’s stock after selling 902 shares during the quarter. PepsiCo comprises approximately 1.8% of Harbor Advisory Corp MA’s investment portfolio, making the stock its 21st largest holding. Harbor Advisory Corp MA’s holdings in PepsiCo were worth $5,141,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA grew its holdings in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the fourth quarter worth $36,000. Criterion Capital Advisors LLC purchased a new stake in PepsiCo in the fourth quarter worth $39,000. Finally, Avion Wealth grew its stake in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $0.13 on Monday, hitting $175.45. 942,271 shares of the company were exchanged, compared to its average volume of 5,794,251. The company’s 50 day moving average price is $169.40 and its two-hundred day moving average price is $167.92. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market capitalization of $241.21 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.