Bolthouse Investments LLC Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Bolthouse Investments LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,118 shares of the company's stock, valued at approximately $626,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Wills Financial Group Inc. increased its stake in shares of PepsiCo by 1.0% in the fourth quarter. Wills Financial Group Inc. now owns 49,654 shares of the company's stock worth $7,550,000 after purchasing an additional 490 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in PepsiCo by 24.6% during the fourth quarter. Johnson Financial Group Inc. now owns 28,090 shares of the company's stock valued at $4,233,000 after acquiring an additional 5,547 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $669,000. Three Seasons Wealth LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth about $236,000. Finally, Voya Financial Advisors Inc. raised its stake in PepsiCo by 12.2% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,577 shares of the company's stock valued at $543,000 after purchasing an additional 388 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Trading Up 0.7 %

PepsiCo stock traded up $0.99 during mid-day trading on Wednesday, hitting $135.30. The company's stock had a trading volume of 3,115,006 shares, compared to its average volume of 6,165,470. PepsiCo, Inc. has a one year low of $131.52 and a one year high of $183.41. The stock has a market cap of $185.54 billion, a PE ratio of 19.47, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a 50 day moving average of $147.16 and a 200-day moving average of $153.24. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.61 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.01%. PepsiCo's dividend payout ratio (DPR) is currently 79.71%.

About PepsiCo

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.