PBU The Pension Fund of Early Childhood & Youth Educators Invests $13.07 Million in PepsiCo, Inc. $PEP

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 91,067 shares of the company’s stock, valued at approximately $13,070,000.

Other large investors have also recently made changes to their positions in the company. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo in the fourth quarter worth $29,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo in the third quarter worth $31,000. Strategic Advocates LLC purchased a new stake in shares of PepsiCo in the third quarter worth $33,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $33,000. Finally, Evolution Wealth Management Inc. raised its position in shares of PepsiCo by 47.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock worth $33,000 after buying an additional 75 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.2%

NASDAQ PEP opened at $141.92 on Friday. The stock’s 50-day simple moving average is $152.21 and its two-hundred day simple moving average is $152.51. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The company has a market capitalization of $193.97 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.58 and a beta of 0.35. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period last year, the firm earned $1.48 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Research analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.48 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is 89.32%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEP. Rothschild & Co Redburn increased their price objective on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. HSBC increased their price objective on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, TD Cowen raised their price target on PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $169.58.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.