Graham Capital Management L.P. Acquires Shares of 119,244 PepsiCo, Inc. (NASDAQ:PEP)

Graham Capital Management L.P. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,244 shares of the company's stock, valued at approximately $18,132,000. PepsiCo accounts for approximately 0.3% of Graham Capital Management L.P.'s portfolio, making the stock its 25th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new position in PepsiCo in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $1.24 during trading hours on Monday, reaching $131.68. 8,388,258 shares of the stock traded hands, compared to its average volume of 6,297,506. The company has a market capitalization of $180.54 billion, a P/E ratio of 18.95, a price-to-earnings-growth 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, Inc. has a 52-week low of $129.93 and a 52-week high of $183.41. The company's 50-day simple moving average is $143.73 and its two-hundred day simple moving average is $150.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEP. Barclays cut their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price 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.