VisionPoint Advisory Group LLC Invests $63,000 in PepsiCo, Inc. (NASDAQ:PEP)

VisionPoint Advisory Group LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 422 shares of the company’s stock, valued at approximately $63,000.

Several other large investors also recently added to or reduced their stakes in PEP. AMF Tjanstepension AB boosted its stake in PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after buying an additional 40,031 shares during the period. Swedbank AB raised its position in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC raised its position in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares in the last quarter. McAdam LLC raised its position in PepsiCo by 21.0% during the third quarter. McAdam LLC now owns 2,061 shares of the company’s stock valued at $351,000 after purchasing an additional 357 shares in the last quarter. Finally, Bogart Wealth LLC raised its position in PepsiCo by 10.4% during the third quarter. Bogart Wealth LLC now owns 65,120 shares of the company’s stock valued at $11,074,000 after purchasing an additional 6,111 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Up 3.0 %

PEP opened at $153.50 on Friday. The business has a 50 day simple moving average of $148.75 and a two-hundred day simple moving average of $162.39. The firm has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.02 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 0.65. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last released 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 during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 EPS. PepsiCo’s quarterly revenue was down .2% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.31 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 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.