CoreCap Advisors LLC Has $569,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

CoreCap Advisors LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,744 shares of the company’s stock after purchasing an additional 388 shares during the period. CoreCap Advisors LLC’s holdings in PepsiCo were worth $569,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Collier Financial acquired a new stake in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth about $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.8 %

Shares of PEP opened at $130.44 on Friday. The stock’s 50-day moving average price is $143.73 and its 200 day moving average price is $151.04. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $178.84 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12-month low of $130.16 and a 12-month high of $183.41.

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

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.36%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is presently 83.68%.

Analysts Set New Price Targets

PEP has been the topic of several recent research reports. UBS Group cut their price objective 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $160.69.

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.