Taylor Cottrill Erickson & Associates Inc. Invests $225,000 in PepsiCo, Inc. (PEP)

Taylor Cottrill Erickson & Associates Inc. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,033 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds also recently made changes to their positions in the company. Leavell Investment Management Inc. lifted its holdings in PepsiCo by 0.6% in the fourth quarter. Leavell Investment Management Inc. now owns 16,637 shares of the company’s stock valued at $1,853,000 after buying an additional 106 shares during the period. Hayek Kallen Investment Management lifted its holdings in PepsiCo by 0.4% in the fourth quarter. Hayek Kallen Investment Management now owns 27,585 shares of the company’s stock valued at $3,048,000 after buying an additional 110 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management lifted its holdings in PepsiCo by 0.4% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 31,175 shares of the company’s stock valued at $3,444,000 after buying an additional 121 shares during the period. First United Bank Trust lifted its holdings in PepsiCo by 0.6% in the fourth quarter. First United Bank Trust now owns 20,403 shares of the company’s stock valued at $2,254,000 after buying an additional 122 shares during the period. Finally, Cohen Lawrence B lifted its holdings in PepsiCo by 0.3% in the fourth quarter. Cohen Lawrence B now owns 38,064 shares of the company’s stock valued at $4,206,000 after buying an additional 124 shares during the period. Institutional investors own 72.29% of the company’s stock.

Shares of NASDAQ:PEP opened at $122.04 on Thursday. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $123.19. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $171.56 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 3.16 and a beta of 0.65.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 15th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.52 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 5.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, February 28th. PepsiCo’s dividend payout ratio is 65.55%.

In other news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the sale, the chief executive officer now owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on PEP. BidaskClub lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group began coverage on shares of PepsiCo in a report on Wednesday, March 6th. They issued an “underperform” rating and a $100.00 price objective on the stock. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Gabelli reaffirmed a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. Finally, Morgan Stanley upped their target price on shares of PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $118.79.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: Catch-Up Contributions

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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