4,673 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,673 shares of the company's stock, valued at approximately $711,000.

Other large investors have also recently modified their holdings of the company. Tallon Kerry Patrick bought a new position in PepsiCo during the fourth quarter worth $224,000. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of PepsiCo by 8.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,611 shares of the company's stock valued at $3,590,000 after purchasing an additional 1,900 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of PepsiCo in the 4th quarter valued at about $9,268,000. Finally, Nilsine Partners LLC boosted its position in shares of PepsiCo by 4.5% during the 4th quarter. Nilsine Partners LLC now owns 11,114 shares of the company's stock valued at $1,690,000 after purchasing an additional 480 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ:PEP traded down $0.70 during trading hours on Wednesday, hitting $130.67. The stock had a trading volume of 8,065,460 shares, compared to its average volume of 6,516,694. The company has a 50 day simple moving average of $138.55 and a two-hundred day simple moving average of $147.72. The firm has a market capitalization of $179.16 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 3.09 and a beta of 0.47. 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, Inc. has a one year low of $127.75 and a one year high of $180.91.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost 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 dividend yield of 4.35%. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analyst Ratings Changes

A number of brokerages have weighed in on PEP. JPMorgan Chase & Co. lifted their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. HSBC dropped their target price 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. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus 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.