Voleon Capital Management LP Invests $11.36 Million in PepsiCo, Inc. (NASDAQ:PEP)

Voleon Capital Management LP purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 74,699 shares of the company's stock, valued at approximately $11,359,000. PepsiCo comprises about 0.8% of Voleon Capital Management LP's investment portfolio, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Collier Financial acquired a new stake in PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 1.5 %

PepsiCo stock traded down $2.03 during mid-day trading on Thursday, hitting $133.55. The company had a trading volume of 6,795,794 shares, compared to its average volume of 6,200,874. The stock has a market cap of $183.14 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1 year low of $131.52 and a 1 year high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business has a fifty day moving average of $146.80 and a 200 day moving average of $153.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 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 analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. 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 company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.69.

About PepsiCo

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.