Equitable Holdings Inc. Has $4.31 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Equitable Holdings Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 7.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,793 shares of the company’s stock after buying an additional 1,612 shares during the quarter. Equitable Holdings Inc.’s holdings in PepsiCo were worth $4,307,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. West Oak Capital LLC lifted its holdings in shares of PepsiCo by 0.4% in the fourth quarter. West Oak Capital LLC now owns 14,389 shares of the company’s stock valued at $2,500,000 after purchasing an additional 60 shares in the last quarter. Lenox Wealth Advisors LLC boosted its position in PepsiCo by 4.1% during the 4th quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock worth $266,000 after acquiring an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC grew its stake in shares of PepsiCo by 1.4% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock worth $757,000 after acquiring an additional 60 shares in the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PepsiCo by 3.5% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $305,000 after purchasing an additional 60 shares during the last quarter. Finally, Donald L. Hagan LLC lifted its position in shares of PepsiCo by 1.2% in the fourth quarter. Donald L. Hagan LLC now owns 5,118 shares of the company’s stock worth $889,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Shares of NASDAQ:PEP traded down $7.77 during mid-day trading on Wednesday, reaching $166.69. 219,674 shares of the company’s stock were exchanged, compared to its average volume of 5,689,400. The firm has a market capitalization of $230.48 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 3.45 and a beta of 0.58. PepsiCo, Inc. has a twelve month low of $144.08 and a twelve month high of $177.62. The business’s fifty day moving average price is $168.86 and its 200-day moving average price is $168.36. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. PepsiCo’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. Analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, June 2nd. This is a boost from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio is 58.82%.

Several equities research analysts have commented on PEP shares. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 price target on the stock in a research report on Monday, April 4th. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Credit Suisse Group raised their price objective on PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Finally, Citigroup boosted their price objective on PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Buy” and a consensus price target of $176.56.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

Recommended Stories

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPGet Rating).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.