Tidal Investments LLC Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Tidal Investments LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,266 shares of the company's stock after acquiring an additional 25,547 shares during the quarter. Tidal Investments LLC's holdings in PepsiCo were worth $15,399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ossiam boosted its holdings in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares during the period. Hutner Capital Management Inc. grew its position in shares of 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 purchasing an additional 6,865 shares in the last quarter. Guinness Asset Management LTD increased its position in shares of PepsiCo by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after buying an additional 61,541 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new position in PepsiCo in the 4th quarter valued at $47,899,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price target 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. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Down 1.3%

Shares of NASDAQ PEP traded down $1.65 during midday trading on Wednesday, hitting $130.15. 9,238,122 shares of the company traded hands, compared to its average volume of 6,432,717. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $182.13. The firm has a market cap of $178.45 billion, a P/E ratio of 18.73, a P/E/G ratio of 3.09 and a beta of 0.47. The stock has a 50-day moving average price of $140.72 and a 200 day moving average price of $149.07. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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). The firm had revenue of $17.92 billion for 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 firm's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $1.61 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.37%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

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.