Aurdan Capital Management LLC Invests $455,000 in PepsiCo, Inc. (NASDAQ:PEP)

Aurdan Capital Management LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,992 shares of the company's stock, valued at approximately $455,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ossiam increased its holdings in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. increased its holdings in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after buying an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at $47,899,000. Finally, WCM Investment Management LLC grew its position in PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after purchasing an additional 8,759 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PEP. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. BNP Paribas lowered their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Up 1.6%

NASDAQ:PEP traded up $2.03 during trading hours 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. The company has a market cap of $180.12 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The business's 50-day moving average is $139.16 and its 200-day moving average is $147.95. 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 issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business 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 company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced 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 an increase 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 is presently 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.