3,000 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Graver Capital Management LLC

Graver Capital Management LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the company's stock, valued at approximately $456,000. PepsiCo makes up about 0.5% of Graver Capital Management LLC's investment portfolio, making the stock its 17th largest holding.

Other institutional investors also recently bought and sold shares of the company. Collier Financial acquired a new position in PepsiCo in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo in the fourth quarter valued at approximately $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEP. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Citigroup cut their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Performance

PEP traded up $1.24 on Monday, hitting $131.68. 8,388,258 shares of the company's stock were exchanged, compared to its average volume of 6,297,506. 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 stock has a fifty day moving average of $143.73 and a two-hundred day moving average of $150.74. PepsiCo, Inc. has a twelve month low of $129.93 and a twelve month high of $183.41. The firm has a market cap of $180.54 billion, a PE ratio of 18.95, a P/E/G ratio of 3.09 and a beta of 0.47.

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 the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. PepsiCo's dividend payout ratio (DPR) is currently 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.