Moment Partners LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,017 shares of the company's stock, valued at approximately $763,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sava Infond d.o.o. acquired a new position in shares of PepsiCo in the fourth quarter worth about $2,106,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of PepsiCo by 8.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,318,104 shares of the company's stock valued at $346,904,000 after purchasing an additional 189,898 shares in the last quarter. Aviso Wealth Management grew its position in shares of PepsiCo by 98.2% during the fourth quarter. Aviso Wealth Management now owns 8,346 shares of the company's stock worth $1,269,000 after buying an additional 4,136 shares in the last quarter. Heritage Wealth Advisors increased its stake in shares of PepsiCo by 2.5% in the fourth quarter. Heritage Wealth Advisors now owns 271,118 shares of the company's stock worth $41,226,000 after buying an additional 6,735 shares during the last quarter. Finally, Graney & King LLC acquired a new position in PepsiCo during the 4th quarter worth $168,000. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Price Performance
Shares of NASDAQ PEP traded down $0.40 during mid-day trading on Friday, reaching $149.27. The company had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The company has a 50-day moving average price of $149.25 and a two-hundred day moving average price of $158.03. The stock has a market cap of $204.72 billion, a PE ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. 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, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's dividend payout ratio is 77.99%.
Analyst Ratings Changes
A number of equities analysts recently commented on PEP shares. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Citigroup dropped their price objective on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $169.88.
Check Out Our Latest Stock Analysis on PEP
PepsiCo Company Profile
(
Free Report)
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.
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