DSG Capital Advisors LLC Invests $461,000 in PepsiCo, Inc. (NASDAQ:PEP)

DSG Capital Advisors LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,034 shares of the company's stock, valued at approximately $461,000.

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

PepsiCo Trading Down 0.5%

Shares of NASDAQ PEP traded down $0.70 during mid-day trading on Wednesday, reaching $130.67. The company had a trading volume of 8,065,460 shares, compared to its average volume of 6,516,694. The business's 50-day moving average is $138.55 and its 200-day moving average is $147.72. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The stock has a market cap of $179.16 billion, a price-to-earnings 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 announced its quarterly earnings results 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. The company's revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PEP. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Barclays reduced their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Wall Street Zen lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. One research 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 company currently has a consensus rating of "Hold" and an average target price of $160.69.

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.