Brevan Howard Capital Management LP Acquires New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Brevan Howard Capital Management LP bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,540 shares of the company's stock, valued at approximately $4,492,000.

Other hedge funds have also recently made changes to their positions in the company. Ossiam lifted its position in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after purchasing an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its holdings in PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after buying an additional 4,712 shares in the last quarter. Hutner Capital Management Inc. lifted its holdings in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after buying an additional 6,865 shares in the last quarter. Finally, Guinness Asset Management LTD boosted its position in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after acquiring an additional 61,541 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 1.3 %

NASDAQ PEP opened at $131.99 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $131.52 and a 1-year high of $183.41. The stock has a 50-day moving average of $145.55 and a 200-day moving average of $151.92. The firm has a market cap of $180.97 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue was down 1.8% on a year-over-year basis. During the same period last year, the company posted $1.61 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is 79.71%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PEP shares. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo 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.

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