Dark Forest Capital Management LP Has $364,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Dark Forest Capital Management LP cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 50.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,392 shares of the company's stock after selling 2,474 shares during the quarter. Dark Forest Capital Management LP's holdings in PepsiCo were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PEP. Tcfg Wealth Management LLC lifted its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after purchasing an additional 66 shares during the last quarter. Lincoln Capital LLC boosted its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after buying an additional 70 shares during the period. Marshall Financial Group LLC grew its stake in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after buying an additional 70 shares during the last quarter. Osprey Private Wealth LLC lifted its position in PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after acquiring an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. grew its position in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. BNP Paribas dropped 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. Finally, Barclays reduced their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Price Performance

PEP traded up $0.55 on Tuesday, reaching $134.31. The stock had a trading volume of 7,007,808 shares, compared to its average volume of 6,165,408. 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 market capitalization of $184.18 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a fifty-two week low of $131.61 and a fifty-two week high of $183.41. The firm has a 50-day moving average of $147.46 and a 200-day moving average of $153.37.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the business earned $1.61 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Investors 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 4.04%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is currently 79.71%.

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.