Chapman Financial Group LLC Acquires Shares of 16,538 PepsiCo, Inc. (NASDAQ:PEP)

Chapman Financial Group LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 16,538 shares of the company’s stock, valued at approximately $2,515,000. PepsiCo comprises 2.0% of Chapman Financial Group LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in PepsiCo in the 4th quarter worth $2,729,565,000. Raymond James Financial Inc. acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of PepsiCo by 360.0% in the fourth quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company’s stock valued at $258,158,000 after buying an additional 1,328,672 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Bank of America lowered their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Finally, UBS Group lowered their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Up 0.1 %

PepsiCo stock opened at $133.75 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a 50 day moving average price of $145.94 and a 200 day moving average price of $152.23. PepsiCo, Inc. has a fifty-two week low of $131.52 and a fifty-two week high of $183.41. The company has a market capitalization of $183.38 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s payout ratio is currently 79.71%.

About PepsiCo

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.