PepsiCo, Inc. (NASDAQ:PEP) Position Raised by Pacifica Partners Inc.

Pacifica Partners Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,748 shares of the company's stock after acquiring an additional 4,548 shares during the quarter. PepsiCo accounts for about 1.7% of Pacifica Partners Inc.'s investment portfolio, making the stock its 21st biggest position. Pacifica Partners Inc.'s holdings in PepsiCo were worth $3,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ossiam increased its position in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. increased its holdings in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after buying an additional 6,865 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in PepsiCo in the fourth quarter valued at about $47,899,000. Finally, WCM Investment Management LLC increased its holdings in PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after buying an additional 8,759 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.30 during midday trading on Friday, hitting $131.62. 12,988,871 shares of the company's stock were exchanged, compared to its average volume of 6,551,860. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock's 50 day moving average price is $137.98 and its 200-day moving average price is $147.15. The firm has a market cap of $180.46 billion, a P/E ratio of 18.94, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business 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 business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 6th. 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%. PepsiCo's payout ratio is currently 83.68%.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.