42,552 Shares in PepsiCo, Inc. $PEP Bought by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired a new stake of 42,552 shares in PepsiCo (NASDAQ:PEP) during Q3, valued at approximately $5.98 million.
• PepsiCo's Board approved a $10.0 billion share buyback (up to 4.7% of outstanding stock) and declared a quarterly dividend of $1.4225 ($5.69 annualized, ~3.5% yield; ex-dividend March 6).
• PepsiCo beat estimates with Q results of $2.26 EPS (vs. $2.24 est.) and $29.34 billion revenue (up 5.6% YoY), while analysts' consensus remains a Hold with a ~$168.50 target.

WINTON GROUP Ltd acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 42,552 shares of the company's stock, valued at approximately $5,976,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo during the second quarter worth $27,000. JCIC Asset Management Inc. bought a new position in PepsiCo during the third quarter worth about $27,000. Vermillion & White Wealth Management Group LLC grew its holdings in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company's stock valued at $31,000 after purchasing an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC boosted its position in shares of PepsiCo by 667.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company's stock worth $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $37,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.3%

NASDAQ PEP opened at $161.53 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The business has a fifty day moving average price of $155.39 and a two-hundred day moving average price of $149.38. The stock has a market capitalization of $220.75 billion, a PE ratio of 26.92, a PEG ratio of 3.06 and a beta of 0.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.02. The firm had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $1.96 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo announced that its Board of Directors has approved a share buyback plan on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, March 6th. PepsiCo's payout ratio is presently 94.83%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group reissued a "buy" rating and issued a $190.00 target price on shares of PepsiCo in a research note on Wednesday, February 4th. Barclays lifted their price objective on PepsiCo from $148.00 to $160.00 and gave the company an "equal weight" rating in a report on Wednesday, February 4th. BNP Paribas Exane set a $191.00 price target on shares of PepsiCo in a report on Wednesday, February 4th. Weiss Ratings restated a "hold (c)" rating on shares of PepsiCo in a report on Friday, January 9th. Finally, Jefferies Financial Group boosted their price objective on shares of PepsiCo from $163.00 to $164.00 and gave the stock a "hold" rating in a research report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $168.50.

PepsiCo Company Profile

PepsiCo, Inc NASDAQ: PEP is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay's, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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