Bryce Point Capital LLC Invests $508,000 in PepsiCo, Inc. (NASDAQ:PEP)

Bryce Point Capital LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,343 shares of the company's stock, valued at approximately $508,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Collier Financial bought a new stake in PepsiCo in the fourth quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 3.1 %

NASDAQ:PEP traded down $4.76 during trading hours on Friday, hitting $146.61. The company had a trading volume of 12,910,000 shares, compared to its average volume of 5,939,246. 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 52 week low of $141.51 and a 52 week high of $183.41. The company has a market capitalization of $201.05 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The stock has a 50-day moving average price of $149.33 and a 200 day moving average price of $157.21.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The company's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed 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. This represents a $5.42 annualized dividend and a yield of 3.70%. 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. Morgan Stanley dropped their price target on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. HSBC lowered their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $169.88.

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.