Corps Capital Advisors LLC Buys Shares of 9,143 PepsiCo, Inc. (NASDAQ:PEP)

Corps Capital Advisors LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,143 shares of the company's stock, valued at approximately $1,390,000. PepsiCo makes up approximately 1.4% of Corps Capital Advisors LLC's investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 3rd quarter worth $28,000. Collier Financial acquired a new stake in PepsiCo in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the third quarter worth about $31,000. Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 2.9 %

NASDAQ:PEP traded up $4.26 during trading hours on Friday, hitting $153.36. The company had a trading volume of 6,511,954 shares, compared to its average volume of 6,858,976. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a 50-day moving average of $148.75 and a 200 day moving average of $162.39. The company has a market cap of $210.33 billion, a P/E ratio of 22.05, a P/E/G ratio of 3.02 and a beta of 0.54.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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. 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 the consensus estimate of $27.89 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. PepsiCo's quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PEP. Barclays decreased their price target on shares of PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Finally, Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 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, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $171.47.

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.