PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3,499.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,668 shares of the company's stock after purchasing an additional 597,591 shares during the quarter. Two Sigma Investments LP's holdings in PepsiCo were worth $93,466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Texas Bank & Trust Co purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $1,204,000. Tidal Investments LLC lifted its position in shares of PepsiCo by 33.7% during the 4th quarter. Tidal Investments LLC now owns 101,266 shares of the company's stock valued at $15,399,000 after buying an additional 25,547 shares in the last quarter. Trace Wealth Advisors LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $373,000. Toronto Dominion Bank lifted its position in shares of PepsiCo by 3.4% during the 4th quarter. Toronto Dominion Bank now owns 804,067 shares of the company's stock valued at $122,264,000 after buying an additional 26,585 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of PepsiCo by 2.2% during the 4th quarter. Studio Investment Management LLC now owns 16,730 shares of the company's stock valued at $2,566,000 after buying an additional 358 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup decreased 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. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Trading Down 1.3%

Shares of NASDAQ PEP traded down $1.65 during trading on Wednesday, hitting $130.15. 9,238,122 shares of the company were exchanged, 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 company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a fifty day moving average price of $140.35 and a 200-day moving average price of $148.94. The firm has a market capitalization of $178.45 billion, a PE ratio of 18.73, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 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 in the prior year, the firm earned $1.61 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is 83.68%.

PepsiCo Company 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.