Infusive Asset Management Inc. Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Infusive Asset Management Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 39.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,977 shares of the company's stock after buying an additional 9,116 shares during the quarter. PepsiCo accounts for 2.2% of Infusive Asset Management Inc.'s portfolio, making the stock its 19th largest position. Infusive Asset Management Inc.'s holdings in PepsiCo were worth $4,862,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. GeoWealth Management LLC boosted its holdings in PepsiCo by 20.3% during the 4th quarter. GeoWealth Management LLC now owns 20,918 shares of the company's stock valued at $3,181,000 after acquiring an additional 3,526 shares during the period. Bridge Generations Wealth Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $38,000. Cadence Bank raised its holdings in PepsiCo by 0.9% during the 4th quarter. Cadence Bank now owns 64,825 shares of the company's stock valued at $9,857,000 after buying an additional 608 shares during the last quarter. Alpha DNA Investment Management LLC boosted its position in PepsiCo by 1.9% during the 4th quarter. Alpha DNA Investment Management LLC now owns 6,042 shares of the company's stock valued at $919,000 after buying an additional 115 shares during the period. Finally, Arrow Capital Pty Ltd purchased a new position in shares of PepsiCo in the fourth quarter valued at about $4,562,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock traded up $1.81 during midday trading on Tuesday, hitting $143.54. The company's stock had a trading volume of 1,790,629 shares, compared to its average volume of 6,096,858. PepsiCo, Inc. has a 12 month low of $138.33 and a 12 month high of $183.41. The company has a 50 day moving average of $148.12 and a two-hundred day moving average of $154.56. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $196.84 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. 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 payout ratio is 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Bank of America reiterated a "neutral" rating and set a $155.00 target price (down from $185.00) on shares of PepsiCo in a report on Tuesday, April 15th. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $167.24.

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.