Two Sigma Advisers LP Takes $31.28 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Two Sigma Advisers LP acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 205,700 shares of the company's stock, valued at approximately $31,279,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Collier Financial bought a new stake in PepsiCo in the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the fourth quarter worth $31,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $131.80 on Wednesday. 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 stock has a market cap of $180.71 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The firm has a 50-day moving average of $140.72 and a two-hundred day moving average of $149.07. PepsiCo, Inc. has a 1 year low of $127.87 and a 1 year high of $182.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly 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 net margin of 10.43% and a return on equity of 58.87%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. PepsiCo's dividend payout ratio is 83.68%.

Analyst Ratings Changes

A number of brokerages recently commented on PEP. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, HSBC reduced their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company 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.

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