Hudson Canyon Capital Management Acquires 3,543 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hudson Canyon Capital Management raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,550 shares of the company's stock after acquiring an additional 3,543 shares during the quarter. Hudson Canyon Capital Management's holdings in PepsiCo were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GAM Holding AG bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $1,069,000. CIBC Asset Management Inc grew its stake in shares of PepsiCo by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 546,123 shares of the company's stock valued at $83,043,000 after buying an additional 11,516 shares in the last quarter. Human Investing LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $39,000. NTV Asset Management LLC grew its stake in shares of PepsiCo by 3.1% in the 4th quarter. NTV Asset Management LLC now owns 37,440 shares of the company's stock valued at $5,693,000 after buying an additional 1,127 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in PepsiCo by 0.8% in the 4th quarter. Sanctuary Advisors LLC now owns 264,331 shares of the company's stock worth $40,152,000 after purchasing an additional 2,064 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Barclays reduced their target price on PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Evercore ISI reduced their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $171.47.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $4.40 during trading hours on Friday, reaching $153.50. The stock had a trading volume of 10,586,982 shares, compared to its average volume of 6,999,466. The business's fifty day moving average is $148.75 and its two-hundred day moving average is $162.39. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market cap of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.02 and a beta of 0.54. 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 issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The business 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 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. As a group, research analysts expect that PepsiCo, Inc. will post 8.31 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) 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.