PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by LM Advisors LLC

LM Advisors LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 240.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,957 shares of the company's stock after purchasing an additional 4,914 shares during the period. LM Advisors LLC's holdings in PepsiCo were worth $1,067,000 as of its most recent SEC filing.

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

PepsiCo Price Performance

NASDAQ PEP traded up $2.03 during trading hours on Tuesday, reaching $131.37. The company's stock had a trading volume of 13,960,301 shares, compared to its average volume of 6,503,657. The company has a market capitalization of $180.12 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The firm's 50-day moving average price is $139.16 and its 200-day moving average price is $147.95. 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 (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the company earned $1.61 EPS. The business's revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business 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 is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PEP shares. Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Citigroup cut their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Wall Street Zen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $160.69.

About PepsiCo

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.