Natural Investments LLC Purchases New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Natural Investments LLC 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 13F filing with the SEC. The firm purchased 13,178 shares of the company's stock, valued at approximately $2,003,000.

Other hedge funds also recently modified their holdings of the company. Collier Financial purchased a new stake in PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after buying an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $34,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $3.91 during trading hours on Wednesday, reaching $148.42. 5,219,120 shares of the stock traded hands, compared to its average volume of 5,475,598. The company has a market capitalization of $203.56 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company's 50-day simple moving average is $148.90 and its two-hundred day simple moving average is $160.46. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PEP shares. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. 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. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $170.59.

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.