Twinbeech Capital LP Takes $1.73 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Twinbeech Capital LP purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,394 shares of the company's stock, valued at approximately $1,733,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tallon Kerry Patrick purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $224,000. Pure Financial Advisors LLC lifted its position in PepsiCo by 23.6% during the fourth quarter. Pure Financial Advisors LLC now owns 6,312 shares of the company's stock valued at $960,000 after buying an additional 1,207 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in shares of PepsiCo by 56.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 6,908 shares of the company's stock valued at $1,050,000 after buying an additional 2,487 shares in the last quarter. Transform Wealth LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth about $274,000. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of PepsiCo by 19.1% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 392,044 shares of the company's stock worth $59,614,000 after acquiring an additional 62,808 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.78 during trading on Monday, reaching $129.34. 8,116,528 shares of the company traded hands, compared to its average volume of 6,473,654. The firm has a 50 day simple moving average of $139.53 and a 200-day simple moving average of $148.20. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The stock has a market capitalization of $177.34 billion, a PE ratio of 18.61, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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 the consensus estimate of $1.49 by ($0.01). The company 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 company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 EPS. Equities 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. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Finally, CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.