Cypress Asset Management Inc. TX Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Cypress Asset Management Inc. TX acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 55,634 shares of the company's stock, valued at approximately $8,609,000. PepsiCo accounts for about 2.1% of Cypress Asset Management Inc. TX's holdings, making the stock its 13th biggest position.

Other hedge funds have also recently modified their holdings of the company. Collier Financial bought a new position in PepsiCo in the 4th quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the 4th quarter worth approximately $31,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PEP shares. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Finally, HSBC lowered their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Price Performance

PEP stock traded up $0.74 during midday trading on Thursday, hitting $131.41. The company's stock had a trading volume of 3,160,197 shares, compared to its average volume of 6,503,990. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The company has a 50 day moving average of $138.55 and a two-hundred day moving average of $147.72. The firm has a market capitalization of $180.17 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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). The company had revenue of $17.92 billion for 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%. PepsiCo's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 4.33%. PepsiCo's payout ratio is presently 83.68%.

PepsiCo 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.