PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 92.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,263 shares of the company's stock after acquiring an additional 6,865 shares during the period. Mission Creek Capital Partners Inc.'s holdings in PepsiCo were worth $2,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Tcfg Wealth Management LLC raised its position in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after acquiring an additional 66 shares in the last quarter. Lincoln Capital LLC increased its stake in PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC lifted its position in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after buying an additional 70 shares during the last quarter. Osprey Private Wealth LLC boosted its holdings in shares of PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after buying an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. grew its position in shares of PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ PEP traded down $1.52 on Thursday, hitting $134.06. 2,734,745 shares of the company's stock were exchanged, compared to its average volume of 7,631,085. 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 firm's 50-day moving average price is $146.80 and its two-hundred day moving average price is $153.12. The firm has a market cap of $183.84 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a fifty-two week low of $131.52 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company's revenue was down 1.8% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.04%. PepsiCo's dividend payout ratio is presently 79.71%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Finally, BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target 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.