Stratos Investment Management LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 56.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,446 shares of the company's stock after acquiring an additional 6,987 shares during the quarter. Stratos Investment Management LLC's holdings in PepsiCo were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Brighton Jones LLC lifted its position in 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 acquiring an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after purchasing an additional 11,538 shares during the period. Proficio Capital Partners LLC lifted its position in shares of PepsiCo by 22.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after purchasing an additional 824 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of PepsiCo in the fourth quarter valued at $435,000. Finally, AlphaQuest LLC increased its stake in PepsiCo by 126.6% during the 4th quarter. AlphaQuest LLC now owns 2,579 shares of the company's stock worth $392,000 after buying an additional 1,441 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.
PepsiCo Stock Performance
Shares of NASDAQ:PEP traded down $0.82 during trading on Friday, hitting $135.26. 7,958,581 shares of the company traded hands, compared to its average volume of 7,077,247. The stock has a market capitalization of $185.45 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 4.26 and a beta of 0.45. The business's fifty day moving average is $131.49 and its 200-day moving average is $141.65. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.61 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. PepsiCo's dividend payout ratio is 83.68%.
Analyst Upgrades and Downgrades
PEP has been the subject of a number of analyst reports. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup cut their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley cut their target price on 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, UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One research 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. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $158.19.
Check Out Our Latest Stock Report on PEP
PepsiCo Company 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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