111 Capital Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

111 Capital acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,645 shares of the company's stock, valued at approximately $3,595,000. PepsiCo accounts for approximately 0.8% of 111 Capital's investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ossiam grew its stake in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. grew its stake in 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 purchasing an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in PepsiCo in the fourth quarter worth about $47,899,000. Finally, WCM Investment Management LLC grew its stake in PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after purchasing an additional 8,759 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $1.25 during trading on Thursday, hitting $131.92. The company had a trading volume of 6,655,903 shares, compared to its average volume of 6,521,917. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $180.87 billion, a P/E ratio of 18.98, a PEG ratio of 3.09 and a beta of 0.47. The business's 50-day moving average is $138.55 and its 200 day moving average is $147.72.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 is Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

Analysts Set New Price Targets

PEP has been the subject of a number of research reports. UBS Group decreased their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Wall Street Zen downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. BNP Paribas decreased their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. CICC Research restated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus 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.