Amiral Gestion Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Amiral Gestion acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 72,818 shares of the company's stock, valued at approximately $11,073,000. PepsiCo comprises 7.0% of Amiral Gestion's investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also modified their holdings of the company. Collier Financial acquired a new position in PepsiCo in the 4th quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the fourth quarter valued at $31,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Wall Street Zen cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Performance

PepsiCo stock opened at $129.34 on Friday. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The firm has a market capitalization of $177.34 billion, a P/E ratio of 18.61, a P/E/G ratio of 3.09 and a beta of 0.47. The stock has a fifty day moving average price of $139.53 and a two-hundred day moving average price of $148.42. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.40%. PepsiCo's payout ratio is 83.68%.

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.

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