Aurdan Capital Management LLC Purchases Shares of 2,992 PepsiCo, Inc. (NASDAQ:PEP)

Aurdan Capital Management LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,992 shares of the company's stock, valued at approximately $455,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tallon Kerry Patrick acquired a new position in shares of PepsiCo during the fourth quarter valued at $224,000. Secure Asset Management LLC lifted its stake in shares of PepsiCo by 31.8% during the fourth quarter. Secure Asset Management LLC now owns 3,546 shares of the company's stock valued at $539,000 after acquiring an additional 855 shares during the period. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. LexAurum Advisors LLC increased its holdings in PepsiCo by 14.2% in the fourth quarter. LexAurum Advisors LLC now owns 2,710 shares of the company's stock valued at $412,000 after purchasing an additional 336 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in PepsiCo by 1.9% in the fourth quarter. Sound Income Strategies LLC now owns 5,360 shares of the company's stock valued at $815,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Up 0.5%

Shares of PepsiCo stock traded up $0.66 on Thursday, hitting $131.33. The company had a trading volume of 2,963,750 shares, compared to its average volume of 6,503,074. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $180.07 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 3.09 and a beta of 0.47. The stock has a 50 day moving average of $138.55 and a 200-day moving average of $147.72. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business earned $1.61 earnings per share. PepsiCo's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm 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 dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.33%. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

PepsiCo Company 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.