Tounjian Advisory Partners LLC Makes New $2.84 Million Investment in PepsiCo, Inc. (NASDAQ:PEP)

Tounjian Advisory Partners LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,970 shares of the company's stock, valued at approximately $2,844,000.

Several other large investors also recently made changes to their positions in the stock. Ossiam increased its holdings in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp grew its stake in PepsiCo by 12.1% in the 4th 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. raised its holdings in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in PepsiCo during the fourth quarter worth approximately $47,899,000. Finally, WCM Investment Management LLC boosted its holdings 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 worth $2,229,000 after acquiring an additional 8,759 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $2.40 during trading on Thursday, reaching $132.30. 11,432,993 shares of the company's stock were exchanged, compared to its average volume of 6,646,656. The firm's 50-day moving average price is $135.04 and its 200 day moving average price is $145.63. The company has a market cap of $181.39 billion, a P/E ratio of 19.04, a PEG ratio of 3.09 and a beta of 0.45. 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, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.30%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Bank of America dropped their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, UBS Group cut their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. 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's stock. According to MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $160.69.

About PepsiCo

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.