Collier Financial Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Collier Financial bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 183 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors also recently modified their holdings of the company. Single Point Partners LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $211,000. Sovran Advisors LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $429,000. Stonebridge Financial Group LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $610,000. Mill Creek Capital Advisors LLC grew its holdings in PepsiCo by 2.6% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,705 shares of the company’s stock valued at $1,020,000 after purchasing an additional 168 shares during the period. Finally, Pineridge Advisors LLC boosted its holdings in shares of PepsiCo by 57.6% in the fourth quarter. Pineridge Advisors LLC now owns 1,779 shares of the company’s stock valued at $271,000 after buying an additional 650 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Barclays reduced their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. HSBC reduced their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Down 0.2 %

PEP opened at $144.35 on Tuesday. The company’s 50 day moving average is $151.42 and its 200-day moving average is $164.06. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. The company has a market cap of $197.98 billion, a P/E ratio of 20.77, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the company posted $1.78 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.