3,285 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Challenger Wealth Management

Challenger Wealth Management purchased a new stake in shares of 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 institutional investor purchased 3,285 shares of the company's stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Collier Financial bought a new position in PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the fourth quarter worth $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in PepsiCo in the fourth quarter worth $31,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Barclays cut their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Wall Street Zen lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Performance

Shares of PEP traded up $0.68 during midday trading on Thursday, reaching $131.35. The stock had a trading volume of 3,019,042 shares, compared to its average volume of 7,762,435. The firm has a 50 day simple moving average of $138.55 and a 200-day simple moving average of $147.72. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The firm has a market cap of $180.09 billion, a PE ratio of 18.89, 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 (NASDAQ:PEP - Get Free Report) last announced 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 period last year, the business earned $1.61 EPS. The business's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.33%. PepsiCo's payout ratio is presently 83.68%.

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.