Crestwood Advisors Group LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Crestwood Advisors Group LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,497 shares of the company’s stock after acquiring an additional 2,706 shares during the quarter. Crestwood Advisors Group LLC’s holdings in PepsiCo were worth $33,589,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PEP. CFO4Life Group LLC raised its position in shares of PepsiCo by 0.4% during the fourth quarter. CFO4Life Group LLC now owns 17,973 shares of the company’s stock valued at $2,665,000 after buying an additional 73 shares during the last quarter. Center for Financial Planning Inc. raised its position in shares of PepsiCo by 0.7% during the third quarter. Center for Financial Planning Inc. now owns 10,843 shares of the company’s stock valued at $1,503,000 after buying an additional 75 shares during the last quarter. MEMBERS Trust Co raised its position in shares of PepsiCo by 1.1% during the fourth quarter. MEMBERS Trust Co now owns 7,256 shares of the company’s stock valued at $1,076,000 after buying an additional 77 shares during the last quarter. Ballew Advisors Inc raised its position in shares of PepsiCo by 4.7% during the fourth quarter. Ballew Advisors Inc now owns 1,754 shares of the company’s stock valued at $249,000 after buying an additional 78 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its position in shares of PepsiCo by 0.5% during the fourth quarter. Archford Capital Strategies LLC now owns 16,056 shares of the company’s stock valued at $2,315,000 after buying an additional 78 shares during the last quarter. 69.94% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on PEP shares. Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective on the stock. in a research report on Monday, January 4th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $143.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, February 3rd. Sanford C. Bernstein initiated coverage on shares of PepsiCo in a report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 target price for the company. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Friday, February 12th. Finally, Barclays reissued a “neutral” rating on shares of PepsiCo in a report on Sunday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. PepsiCo has an average rating of “Buy” and a consensus target price of $144.78.

Shares of PEP traded up $0.61 during trading hours on Tuesday, reaching $132.60. 353,077 shares of the company traded hands, compared to its average volume of 4,864,003. The firm has a market cap of $182.94 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a 12-month low of $101.42 and a 12-month high of $148.77. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. The stock’s fifty day moving average price is $139.12 and its 200 day moving average price is $139.92.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, February 11th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.02. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. On average, research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th will be paid a dividend of $1.0225 per share. This represents a $4.09 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, March 4th. PepsiCo’s dividend payout ratio is currently 73.96%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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