Bay Capital Advisors LLC Acquires New Position in PepsiCo, Inc. (NASDAQ:PEP)

Bay Capital Advisors LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,827 shares of the company's stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Tcfg Wealth Management LLC raised its position in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC raised its holdings in shares of PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC lifted its position in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC boosted its holdings in PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. increased its stake in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $169.88.

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PepsiCo Stock Performance

PEP traded down $0.40 during trading on Friday, hitting $149.27. The stock had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market cap of $204.72 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a 50 day moving average price of $149.25 and a 200-day moving average price of $158.03. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.63%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

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.