Chicago Capital LLC Has $7.52 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Chicago Capital LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,175 shares of the company's stock after acquiring an additional 2,155 shares during the quarter. Chicago Capital LLC's holdings in PepsiCo were worth $7,523,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Tallon Kerry Patrick purchased a new position in shares of PepsiCo during the 4th quarter valued at $224,000. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $9,268,000. Bank Pictet & Cie Europe AG lifted its stake in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of PepsiCo by 39.8% during the 4th quarter. Allworth Financial LP now owns 66,784 shares of the company's stock worth $9,890,000 after purchasing an additional 19,013 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP traded down $2.12 during mid-day trading on Tuesday, reaching $129.29. The company had a trading volume of 10,168,765 shares, compared to its average volume of 6,709,135. The company's 50-day moving average is $134.45 and its 200-day moving average is $144.73. 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 company has a market capitalization of $177.27 billion, a P/E ratio of 18.60, a P/E/G 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results 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 firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.40%. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley dropped their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. 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 company. According to MarketBeat.com, PepsiCo has a consensus 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.