25,707 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Hall Capital Management Co. Inc.

Hall Capital Management Co. Inc. acquired a new stake 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 & Exchange Commission. The institutional investor acquired 25,707 shares of the company's stock, valued at approximately $3,909,000. PepsiCo accounts for about 1.8% of Hall Capital Management Co. Inc.'s holdings, making the stock its 16th largest holding.

A number of other hedge funds have also recently bought and sold shares of PEP. Tallon Kerry Patrick acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $224,000. Secure Asset Management LLC raised its stake in PepsiCo by 31.8% during the fourth quarter. Secure Asset Management LLC now owns 3,546 shares of the company's stock worth $539,000 after purchasing an additional 855 shares during the period. Brighton Jones LLC boosted its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. LexAurum Advisors LLC grew its stake in shares of PepsiCo by 14.2% during the 4th quarter. LexAurum Advisors LLC now owns 2,710 shares of the company's stock valued at $412,000 after buying an additional 336 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in shares of PepsiCo by 1.9% during the 4th quarter. Sound Income Strategies LLC now owns 5,360 shares of the company's stock worth $815,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Up 1.6%

NASDAQ PEP traded up $2.03 during mid-day trading on Tuesday, reaching $131.37. 13,960,301 shares of the company's stock traded hands, compared to its average volume of 6,503,657. 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 1-year low of $127.75 and a 1-year high of $180.91. The company has a fifty day simple moving average of $139.16 and a 200-day simple moving average of $147.95. The company has a market cap of $180.12 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a boost 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 annualized dividend and a dividend yield of 4.33%. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. HSBC cut their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.