Adage Capital Partners GP L.L.C. Buys 232,000 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Adage Capital Partners GP L.L.C. increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,247,779 shares of the company's stock after acquiring an additional 232,000 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.09% of PepsiCo worth $189,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo in the fourth quarter worth approximately $33,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 1.4 %

PEP stock traded down $1.93 during trading hours on Friday, hitting $133.38. The company's stock had a trading volume of 11,537,466 shares, compared to its average volume of 6,145,927. The company has a market capitalization of $182.91 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 12 month low of $131.80 and a 12 month high of $183.41. The stock has a 50 day moving average price of $147.70 and a two-hundred day moving average price of $153.92. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Finally, 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. One investment 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $162.00.

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.