145,921 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 145,921 shares of the company's stock, valued at approximately $22,189,000.

Several other large investors have also bought and sold shares of PEP. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth about $31,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PEP. HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Citigroup decreased their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $0.88 during midday trading on Tuesday, hitting $130.22. 2,448,992 shares of the company's stock were exchanged, compared to its average volume of 6,459,198. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $178.54 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 3.09 and a beta of 0.47. The business's fifty day moving average price is $139.16 and its two-hundred day moving average price is $147.95.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the previous year, the firm posted $1.61 EPS. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.37%. PepsiCo's payout ratio is presently 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.