Transce3nd LLC Buys Shares of 4,162 PepsiCo, Inc. (NASDAQ:PEP)

Transce3nd LLC bought a new position 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 institutional investor bought 4,162 shares of the company's stock, valued at approximately $633,000.

Other large investors have also modified their holdings of the company. Mirabella Financial Services LLP acquired a new position in PepsiCo in the fourth quarter worth about $3,063,000. MetLife Investment Management LLC raised its position in shares of PepsiCo by 1.1% during the 4th quarter. MetLife Investment Management LLC now owns 411,084 shares of the company's stock valued at $62,509,000 after acquiring an additional 4,422 shares in the last quarter. Natixis lifted its stake in PepsiCo by 120.3% during the fourth quarter. Natixis now owns 650,938 shares of the company's stock worth $98,982,000 after purchasing an additional 355,508 shares during the last quarter. Norinchukin Bank The increased its stake in PepsiCo by 7.3% during the fourth quarter. Norinchukin Bank The now owns 72,443 shares of the company's stock valued at $11,016,000 after purchasing an additional 4,929 shares during the last quarter. Finally, Ossiam raised its holdings in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $7.39 during trading hours on Thursday, hitting $134.87. 8,768,083 shares of the stock were exchanged, compared to its average volume of 6,119,462. PepsiCo, Inc. has a 1-year low of $134.58 and a 1-year high of $183.41. The company has a market cap of $184.95 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. 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 company's fifty day simple moving average is $148.07 and its two-hundred day simple moving average is $154.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.04). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Evercore ISI decreased their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. One research 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $165.50.

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.