Syverson Strege & Co Has $228,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Syverson Strege & Co grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 24.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,497 shares of the company’s stock after purchasing an additional 292 shares during the period. Syverson Strege & Co’s holdings in PepsiCo were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Collier Financial acquired a new stake in PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $34,000. Finally, Human Investing LLC bought a new position in PepsiCo during the 4th quarter worth $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $146.45 on Tuesday. The business has a 50 day moving average of $149.08 and a 200-day moving average of $158.73. The company has a market capitalization of $200.86 billion, a P/E ratio of 21.07, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PEP. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada started coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target for the company. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $169.88.

PepsiCo 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.