Lecap Asset Management Ltd. Makes New $2.19 Million Investment in PepsiCo, Inc. (NASDAQ:PEP)

Lecap Asset Management Ltd. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,584 shares of the company's stock, valued at approximately $2,187,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in PepsiCo by 12.4% during the fourth 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 in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares in the last quarter. Pring Turner Capital Group Inc. increased its holdings in PepsiCo by 29.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 1,545 shares of the company's stock worth $235,000 after acquiring an additional 350 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in PepsiCo by 16.3% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 44,626 shares of the company's stock worth $6,808,000 after acquiring an additional 6,252 shares during the period. Finally, CWS Financial Advisors LLC lifted its holdings in PepsiCo by 6.0% during the fourth quarter. CWS Financial Advisors LLC now owns 11,140 shares of the company's stock valued at $1,694,000 after purchasing an additional 631 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PEP opened at $131.05 on Wednesday. The business has a fifty day moving average of $132.60 and a 200 day moving average of $143.54. The stock has a market cap of $179.68 billion, a P/E ratio of 19.27, a PEG ratio of 3.71 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its 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). The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS 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 issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. PepsiCo's payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday. Bank of America decreased 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. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $159.75.

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.

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