2,694 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,694 shares of the company’s stock, valued at approximately $458,000.

A number of other large investors have also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA increased its stake 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 buying an additional 70 shares during the period. Life Planning Partners Inc purchased a new position in PepsiCo in the fourth quarter valued at approximately $34,000. Naples Money Management LLC purchased a new position in PepsiCo in the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC purchased a new position in PepsiCo in the fourth quarter valued at approximately $39,000. Finally, Avion Wealth increased its stake in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the company from $180.00 to $195.00 in a report on Monday, February 12th. Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Friday, February 9th. Finally, Barclays increased their price objective on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Price Performance

NASDAQ:PEP traded up $1.86 during trading hours on Friday, hitting $174.13. The company’s stock had a trading volume of 6,636,697 shares, compared to its average volume of 4,502,704. The business’s 50-day moving average is $168.68 and its two-hundred day moving average is $167.45. The company has a market capitalization of $239.34 billion, a PE ratio of 26.50, a PEG ratio of 2.73 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

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.