Louisiana State Employees Retirement System trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 86,100 shares of the company’s stock after selling 3,100 shares during the quarter. PepsiCo accounts for 0.5% of Louisiana State Employees Retirement System’s holdings, making the stock its 28th biggest holding. Louisiana State Employees Retirement System’s holdings in PepsiCo were worth $10,325,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of PepsiCo during the fourth quarter valued at $201,000. Oakmont Partners LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at $220,000. KCS Wealth Advisory purchased a new position in shares of PepsiCo during the fourth quarter valued at $239,000. White Lighthouse Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at $240,000. Finally, Pure Financial Advisors Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at $295,000. Institutional investors and hedge funds own 69.98% of the company’s stock.
PepsiCo, Inc. (PEP) opened at $109.58 on Wednesday. PepsiCo, Inc. has a 52 week low of $106.19 and a 52 week high of $122.51. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. The stock has a market capitalization of $155,380.53, a PE ratio of 32.52, a price-to-earnings-growth ratio of 2.75 and a beta of 0.69.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The company had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. equities research analysts expect that PepsiCo, Inc. will post 5.69 EPS for the current fiscal year.
PepsiCo declared that its board has initiated a stock repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be paid a $0.805 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 annualized dividend and a yield of 2.94%. PepsiCo’s dividend payout ratio (DPR) is presently 95.55%.
Several equities analysts have recently commented on PEP shares. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Monday, December 4th. SunTrust Banks started coverage on PepsiCo in a research note on Monday, January 29th. They set a “hold” rating and a $125.00 price target on the stock. Credit Suisse Group restated a “neutral” rating and set a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a research note on Thursday, February 1st. Wells Fargo & Co raised their price target on PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Finally, BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $123.04.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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