3,996 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,996 shares of the company's stock, valued at approximately $608,000.

A number of other institutional investors have also recently bought and sold shares of the business. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $34,000. Finally, Human Investing LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PEP. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $169.88.

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PepsiCo Stock Up 0.8 %

Shares of PEP traded up $1.13 during trading hours on Friday, reaching $150.80. 757,236 shares of the stock traded hands, compared to its average volume of 5,411,580. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a market cap of $206.82 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 3.09 and a beta of 0.52. The stock has a fifty day simple moving average of $149.23 and a 200 day simple moving average of $158.37. 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 released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed 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. This represents a $5.42 annualized dividend and a yield of 3.59%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio is 77.99%.

PepsiCo 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.