Beacon Harbor Wealth Advisors Inc. Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Beacon Harbor Wealth Advisors Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,500 shares of the company's stock, valued at approximately $3,878,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC lifted its holdings in PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock valued at $16,968,000 after acquiring an additional 8,406 shares during the period. Assenagon Asset Management S.A. lifted its holdings in PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after acquiring an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares during the period. Janus Henderson Group PLC raised its stake in shares of PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after buying an additional 34,633 shares during the period. Finally, IHT Wealth Management LLC raised its stake in shares of PepsiCo by 19.3% in the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock worth $5,493,000 after buying an additional 5,220 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $171.47.

PepsiCo Stock Performance

NASDAQ PEP opened at $153.88 on Thursday. The stock has a market capitalization of $211.05 billion, a PE ratio of 22.14, a P/E/G ratio of 3.09 and a beta of 0.52. The business has a 50 day simple moving average of $148.73 and a two-hundred day simple moving average of $161.14. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its 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. The firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.