4,195 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Elefante Mark B

Elefante Mark B acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,195 shares of the company's stock, valued at approximately $638,000.

Several other large investors also recently bought and sold shares of the company. Fairview Capital Investment Management LLC grew its position in PepsiCo by 2.3% in the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after acquiring an additional 78 shares in the last quarter. First Manhattan CO. LLC. grew its position in PepsiCo by 1.7% in the fourth quarter. First Manhattan CO. LLC. now owns 113,942 shares of the company's stock valued at $18,036,000 after acquiring an additional 1,850 shares in the last quarter. FORA Capital LLC grew its position in shares of PepsiCo by 57.3% during the fourth quarter. FORA Capital LLC now owns 96,581 shares of the company's stock worth $14,686,000 after buying an additional 35,188 shares in the last quarter. FWL Investment Management LLC grew its position in shares of PepsiCo by 3.0% during the fourth quarter. FWL Investment Management LLC now owns 8,639 shares of the company's stock worth $1,314,000 after buying an additional 251 shares in the last quarter. Finally, Cladis Investment Advisory LLC grew its position in shares of PepsiCo by 5.6% during the fourth quarter. Cladis Investment Advisory LLC now owns 5,280 shares of the company's stock worth $803,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP stock traded down $1.12 during mid-day trading on Tuesday, reaching $130.56. The company had a trading volume of 5,564,654 shares, compared to its average volume of 6,295,305. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $179.01 billion, a P/E ratio of 18.79, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a one year low of $129.80 and a one year high of $183.41. The stock's 50-day simple moving average is $143.28 and its two-hundred day simple moving average is $150.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Wells Fargo & Company decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Finally, Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price 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.