Quantinno Capital Management LP Buys 42,174 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Quantinno Capital Management LP increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 43.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,457 shares of the company's stock after acquiring an additional 42,174 shares during the quarter. Quantinno Capital Management LP's holdings in PepsiCo were worth $21,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its stake in PepsiCo by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 39,927 shares of the company's stock worth $6,071,000 after purchasing an additional 743 shares during the period. Cooper Financial Group boosted its position in shares of PepsiCo by 10.5% during the 4th quarter. Cooper Financial Group now owns 4,078 shares of the company's stock valued at $620,000 after acquiring an additional 389 shares during the last quarter. Marshall & Sullivan Inc. WA boosted its position in shares of PepsiCo by 1.7% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 30,888 shares of the company's stock valued at $4,697,000 after acquiring an additional 530 shares during the last quarter. Bar Harbor Wealth Management boosted its position in shares of PepsiCo by 1.1% during the 4th quarter. Bar Harbor Wealth Management now owns 60,783 shares of the company's stock valued at $9,243,000 after acquiring an additional 670 shares during the last quarter. Finally, Elevated Capital Advisors LLC boosted its position in shares of PepsiCo by 10.6% during the 4th quarter. Elevated Capital Advisors LLC now owns 9,217 shares of the company's stock valued at $1,402,000 after acquiring an additional 882 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.4%

PEP stock traded up $0.48 during midday trading on Friday, reaching $131.98. The company's stock had a trading volume of 8,714,233 shares, compared to its average volume of 6,371,459. 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 stock has a fifty day simple moving average of $141.78 and a two-hundred day simple moving average of $149.90. PepsiCo, Inc. has a 1 year low of $127.87 and a 1 year high of $182.96. The firm has a market capitalization of $180.96 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates 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 business earned $1.61 EPS. The business's revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. 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 dividend yield of 4.31%. PepsiCo's dividend payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, Barclays decreased their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average target price of $160.69.

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.