PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Sage Capital Advisors llc

Sage Capital Advisors llc grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 64.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,473 shares of the company's stock after buying an additional 24,408 shares during the quarter. PepsiCo accounts for approximately 2.5% of Sage Capital Advisors llc's holdings, making the stock its 7th biggest holding. Sage Capital Advisors llc's holdings in PepsiCo were worth $9,367,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ossiam lifted its stake in shares of PepsiCo by 138.9% during the 4th 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 boosted its stake in shares of PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after purchasing an additional 13,461 shares during the period. Hutner Capital Management Inc. increased its stake in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after buying an additional 6,865 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in PepsiCo in the 4th quarter valued at about $47,899,000. Finally, WCM Investment Management LLC raised its stake in shares of PepsiCo by 147.6% during the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after acquiring an additional 8,759 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock traded down $0.30 during mid-day trading on Friday, reaching $131.62. 12,988,871 shares of the company traded hands, compared to its average volume of 6,558,307. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The firm's fifty day moving average is $137.98 and its two-hundred day moving average is $147.27. 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 $180.46 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

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 firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo 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.