Fort Sheridan Advisors LLC Has $1.15 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Fort Sheridan Advisors LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,576 shares of the company’s stock after buying an additional 967 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in PepsiCo were worth $1,152,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter worth approximately $28,000. Collier Financial acquired a new stake in PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the 4th quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter worth $31,000. Finally, Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $152.02 on Friday. The stock’s 50-day moving average is $148.57 and its 200-day moving average is $161.73. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market cap of $208.50 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $27.89 billion. During the same period last year, the company earned $1.78 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business 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. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PEP shares. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays cut their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One equities 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.