Crestline Management LP Buys 39,446 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Crestline Management LP increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 99.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,073 shares of the company's stock after buying an additional 39,446 shares during the quarter. Crestline Management LP's holdings in PepsiCo were worth $12,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PEP. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Collier Financial bought a new position in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new position in PepsiCo in the fourth quarter worth approximately $33,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays cut their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. One equities 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $1.17 during mid-day trading on Wednesday, hitting $131.91. The company had a trading volume of 6,312,878 shares, compared to its average volume of 6,259,381. The stock's 50-day moving average price is $144.69 and its 200-day moving average price is $151.64. The company has a market capitalization of $180.85 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 3.09 and a beta of 0.47. 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 $130.16 and a 1 year high of $183.41.

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

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.31%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is presently 79.71%.

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.