Cypress Asset Management Inc. TX Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Cypress Asset Management Inc. TX purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 55,634 shares of the company's stock, valued at approximately $8,609,000. PepsiCo comprises 2.1% of Cypress Asset Management Inc. TX's portfolio, making the stock its 13th biggest position.

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

PepsiCo Stock Performance

PEP traded down $0.70 during trading hours on Wednesday, reaching $130.67. The company's stock had a trading volume of 8,064,085 shares, compared to its average volume of 6,509,879. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company's 50-day moving average is $138.84 and its 200-day moving average is $147.83. 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 firm has a market cap of $179.16 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the company posted $1.61 EPS. The firm's revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared 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 represents a $5.69 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, Citigroup reduced their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $160.69.

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.