2,685 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Optimize Financial Inc

Optimize Financial Inc bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,685 shares of the company's stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Townsquare Capital LLC lifted its position in shares of PepsiCo by 6.0% in the fourth quarter. Townsquare Capital LLC now owns 93,540 shares of the company's stock valued at $14,224,000 after acquiring an additional 5,280 shares in the last quarter. Petros Family Wealth LLC purchased a new position in PepsiCo in the 4th quarter valued at $741,000. Coign Capital Advisors LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth $1,213,000. Heritage Trust Co acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $3,157,000. Finally, Zuckerman Investment Group LLC lifted its stake in shares of PepsiCo by 17.8% in the fourth quarter. Zuckerman Investment Group LLC now owns 16,282 shares of the company's stock worth $2,447,000 after buying an additional 2,457 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PEP shares. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, Citigroup decreased their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $168.12.

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PepsiCo Stock Down 1.0 %

Shares of PepsiCo stock traded down $1.48 during trading hours on Wednesday, hitting $141.36. The company had a trading volume of 3,381,997 shares, compared to its average volume of 7,494,437. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. The company has a market cap of $193.85 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company's 50-day moving average is $148.34 and its two-hundred day moving average is $155.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share 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 return on equity of 58.87% and a net margin of 10.43%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is currently 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.