Oak Family Advisors LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 21,734 shares of the company's stock, valued at approximately $3,259,000. PepsiCo comprises 1.1% of Oak Family Advisors LLC's portfolio, making the stock its 27th largest position.
A number of other hedge funds also recently bought and sold shares of the company. WealthTrak Capital Management LLC bought a new position in PepsiCo in the 4th quarter worth approximately $28,000. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the fourth quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the 4th quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in PepsiCo in the 4th quarter valued at $31,000. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Trading Up 1.4%
Shares of NASDAQ:PEP traded up $1.87 during mid-day trading on Tuesday, reaching $131.83. The stock had a trading volume of 11,844,887 shares, compared to its average volume of 6,635,110. The firm has a 50 day simple moving average of $135.76 and a two-hundred day simple moving average of $145.84. The firm has a market cap of $180.75 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. 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 (NASDAQ:PEP - Get Free Report) last announced its 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company posted $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on PEP. Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Bank of America lowered their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. UBS Group cut their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One equities 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 MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus target price of $160.69.
Read Our Latest Stock Analysis on PEP
PepsiCo Profile
(
Free Report)
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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