Sciencast Management LP Has $3.05 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Sciencast Management LP boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,053 shares of the company's stock after acquiring an additional 3,736 shares during the period. PepsiCo comprises 0.8% of Sciencast Management LP's portfolio, making the stock its 5th largest holding. Sciencast Management LP's holdings in PepsiCo were worth $3,049,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Collier Financial acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the 3rd quarter valued at $31,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $34,000. Finally, Human Investing LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on PEP. TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $169.88.

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PepsiCo Stock Performance

PEP traded up $3.10 during trading hours on Wednesday, hitting $148.64. The company's stock had a trading volume of 5,881,682 shares, compared to its average volume of 5,423,144. 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 fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a 50-day simple moving average of $149.09 and a 200 day simple moving average of $158.50. The firm has a market capitalization of $203.86 billion, a PE ratio of 21.39, a PEG ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. PepsiCo's dividend payout ratio (DPR) is 77.99%.

About PepsiCo

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.