Boston Research & Management Inc. Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Boston Research & Management Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,918 shares of the company’s stock after buying an additional 710 shares during the period. Boston Research & Management Inc.’s holdings in PepsiCo were worth $5,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Collier Financial bought a new position in PepsiCo during the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the third quarter worth $31,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth about $30,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $149.27 on Monday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock has a market cap of $204.72 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. The business has a 50-day simple moving average of $149.25 and a two-hundred day simple moving average of $157.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Citigroup reduced their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Finally, BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $169.88.

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.