Curat Global LLC Invests $641,000 in PepsiCo, Inc. (NASDAQ:PEP)

Curat Global LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,277 shares of the company's stock, valued at approximately $641,000.

Other hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Collier Financial acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the 4th quarter worth approximately $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP stock traded down $1.08 during midday trading on Friday, reaching $130.03. 7,619,600 shares of the company were exchanged, compared to its average volume of 6,594,477. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business has a 50-day moving average price of $136.54 and a two-hundred day moving average price of $146.43. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The firm has a market capitalization of $178.28 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

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 return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the firm earned $1.61 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts forecast 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. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. 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 83.68%.

Analyst Upgrades and Downgrades

Several analysts have commented on PEP shares. Wall Street Zen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays lowered their price objective 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. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $160.69.

About PepsiCo

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.