Coleford Investment Management Ltd. Invests $14.67 Million in PepsiCo, Inc. (NASDAQ:PEP)

Coleford Investment Management Ltd. bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 95,640 shares of the company's stock, valued at approximately $14,673,000. PepsiCo comprises 3.9% of Coleford Investment Management Ltd.'s investment portfolio, making the stock its 13th largest position.

A number of other large investors have also added to or reduced their stakes in the company. Tcfg Wealth Management LLC lifted its holdings in 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 buying an additional 66 shares during the last quarter. Lincoln Capital LLC lifted its stake in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC boosted its holdings in PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC increased its stake in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after buying an additional 70 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ:PEP traded up $2.75 during trading hours on Friday, hitting $142.84. The company's stock had a trading volume of 6,052,161 shares, compared to its average volume of 6,110,283. The company has a market capitalization of $195.88 billion, a PE ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. The business's 50-day moving average is $148.16 and its two-hundred day moving average is $154.94. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the business earned $1.78 earnings per share. The business's revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

A number of research analysts recently commented on PEP shares. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Bank of America reissued a "neutral" rating and issued a $155.00 target price (down from $185.00) on shares of PepsiCo in a research report on Tuesday. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus target price of $168.12.

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.