Armis Advisers LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,562 shares of the company's stock, valued at approximately $390,000.
A number of other large investors also recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new position in shares of PepsiCo during the fourth quarter worth approximately $47,899,000. Wilkins Miller Wealth Management LLC bought a new position in PepsiCo during the 4th quarter worth $229,000. Hall Capital Management Co. Inc. bought a new position in PepsiCo during the 4th quarter worth $3,909,000. Great Valley Advisor Group Inc. increased its stake in PepsiCo by 4.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 109,915 shares of the company's stock worth $16,714,000 after acquiring an additional 4,428 shares during the period. Finally, Cypress Asset Management Inc. TX bought a new position in PepsiCo during the 4th quarter worth $8,609,000. Institutional investors own 73.07% of the company's stock.
Wall Street Analysts Forecast Growth
PEP has been the topic of a number of recent research reports. Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Wall Street Zen lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Morgan Stanley decreased their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $160.69.
Check Out Our Latest Research Report on PEP
PepsiCo Stock Performance
Shares of NASDAQ PEP traded up $2.03 during midday trading on Tuesday, reaching $131.37. The company's stock had a trading volume of 13,960,301 shares, compared to its average volume of 6,503,657. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The firm has a 50 day moving average price of $139.16 and a 200-day moving average price of $147.95. The stock has a market capitalization of $180.12 billion, a P/E ratio of 18.90, a PEG ratio of 3.09 and a beta of 0.47. 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 announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share 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 business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. PepsiCo's quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. 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 yield of 4.33%. PepsiCo's dividend payout ratio is presently 83.68%.
About PepsiCo
(
Free Report)
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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