Clune & Associates LTD. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,913 shares of the company's stock, valued at approximately $291,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the 4th quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $34,000. Finally, Human Investing LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on PEP shares. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $169.88.
Read Our Latest Research Report on PEP
PepsiCo Price Performance
Shares of NASDAQ:PEP traded up $1.33 during trading on Friday, reaching $151.00. The company had a trading volume of 1,328,392 shares, compared to its average volume of 5,413,709. The firm's fifty day moving average is $149.23 and its 200 day moving average is $158.37. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $207.09 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The firm's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.
About PepsiCo
(
Free Report)
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.
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