Lee Financial Co Acquires 159 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lee Financial Co lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,757 shares of the company’s stock after purchasing an additional 159 shares during the quarter. Lee Financial Co’s holdings in PepsiCo were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo in the third quarter worth $28,000. Collier Financial purchased a new stake in PepsiCo during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. raised its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PEP. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Down 0.8 %

Shares of PEP stock opened at $143.39 on Friday. The company has a market capitalization of $196.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The company’s fifty day moving average price is $149.80 and its 200-day moving average price is $163.20. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.