StoneX Group Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,193 shares of the company’s stock after acquiring an additional 1,134 shares during the quarter. PepsiCo comprises about 1.7% of StoneX Group Inc.’s investment portfolio, making the stock its 18th biggest holding. StoneX Group Inc.’s holdings in PepsiCo were worth $2,580,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in PEP. Clear Investment Research LLC acquired a new position in PepsiCo in the 4th quarter worth approximately $25,000. Red Tortoise LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Legend Financial Advisors Inc. boosted its stake in shares of PepsiCo by 125.7% during the 4th quarter. Legend Financial Advisors Inc. now owns 167 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. CarsonAllaria Wealth Management Ltd. boosted its stake in shares of PepsiCo by 604.0% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 176 shares of the company’s stock valued at $32,000 after buying an additional 151 shares during the period. Finally, Mendota Financial Group LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 70.76% of the company’s stock.
Insider Activity at PepsiCo
In other PepsiCo news, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the transaction, the chief executive officer now directly owns 49,000 shares of the company’s stock, valued at $8,462,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PepsiCo news, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the transaction, the chief executive officer now directly owns 49,000 shares of the company’s stock, valued at $8,462,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $172.47, for a total transaction of $12,935,250.00. Following the completion of the transaction, the director now directly owns 183,929 shares in the company, valued at $31,722,234.63. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $187.00 to $196.00 in a research note on Wednesday, April 26th. Royal Bank of Canada lifted their target price on shares of PepsiCo from $175.00 to $178.00 in a report on Wednesday, April 26th. Barclays boosted their price objective on shares of PepsiCo from $201.00 to $206.00 in a report on Thursday, April 27th. Morgan Stanley boosted their price objective on shares of PepsiCo from $200.00 to $210.00 in a report on Tuesday, April 25th. Finally, UBS Group boosted their price objective on shares of PepsiCo from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $190.25.
PepsiCo Stock Performance
NASDAQ PEP traded down $1.30 during trading on Tuesday, hitting $185.34. 1,571,037 shares of the company’s stock traded hands, compared to its average volume of 4,378,894. The stock has a market capitalization of $255.34 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 3.35 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $154.86 and a 12-month high of $196.88. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.65 and a current ratio of 0.87. The business has a 50 day moving average of $186.97 and a 200-day moving average of $178.81.
PepsiCo (NASDAQ:PEP – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.37 by $0.13. PepsiCo had a net margin of 7.48% and a return on equity of 53.68%. The business had revenue of $17.85 billion for the quarter, compared to the consensus estimate of $17.27 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 7.3 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 2nd will be paid a $1.265 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.15. This represents a $5.06 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, June 1st. PepsiCo’s dividend payout ratio (DPR) is currently 96.84%.
PepsiCo Profile
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).