Naples Money Management LLC Invests $36,000 in PepsiCo, Inc. (NASDAQ:PEP)

Naples Money Management LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 209 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC increased its holdings in PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after purchasing an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new stake in PepsiCo in the 4th quarter valued at $405,000. Manchester Capital Management LLC increased its holdings in PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after purchasing an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its holdings in PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after purchasing an additional 3,159 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Monday, March 18th. Jefferies Financial Group upped their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Finally, Barclays upped their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Stock Performance

Shares of PEP stock opened at $174.13 on Friday. 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 one year low of $155.83 and a one year high of $196.88. The company’s 50-day simple moving average is $168.68 and its 200-day simple moving average is $167.45. The stock has a market capitalization of $239.34 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.70 and a beta of 0.53.

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

PepsiCo Dividend Announcement

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

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.