Coign Capital Advisors LLC Acquires Shares of 7,974 PepsiCo, Inc. (NASDAQ:PEP)

Coign Capital Advisors LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,974 shares of the company's stock, valued at approximately $1,213,000. PepsiCo makes up 1.1% of Coign Capital Advisors LLC's investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after acquiring an additional 582,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the period. Norges Bank purchased a new stake in PepsiCo during the 4th quarter worth approximately $2,729,565,000. Finally, Bank of New York Mellon Corp raised its stake in PepsiCo by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock valued at $2,130,841,000 after buying an additional 689,383 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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PepsiCo Stock Down 2.2 %

PEP traded down $3.24 during midday trading on Tuesday, reaching $143.51. The company's stock had a trading volume of 2,324,556 shares, compared to its average volume of 6,071,014. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The stock's 50-day moving average is $148.39 and its 200-day moving average is $155.52. The firm has a market capitalization of $196.80 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 3.09 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (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 company had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter in the previous year, the business posted $1.78 EPS. PepsiCo's revenue was down .2% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

Several equities analysts have recently commented on PEP shares. BNP Paribas lowered their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $168.12.

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.