Stevens Capital Management LP Buys 21,595 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stevens Capital Management LP boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 791.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,322 shares of the company's stock after buying an additional 21,595 shares during the period. PepsiCo comprises 1.5% of Stevens Capital Management LP's portfolio, making the stock its 6th largest holding. Stevens Capital Management LP's holdings in PepsiCo were worth $3,698,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the last quarter. State Street Corp lifted its position in shares of PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the last quarter. Finally, Swedbank AB raised its position in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

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Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Morgan Stanley cut their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One equities 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $169.88.

PepsiCo Stock Up 0.7 %

NASDAQ:PEP traded up $1.03 on Thursday, hitting $149.67. 5,396,044 shares of the company's stock were exchanged, compared to its average volume of 5,428,992. The company has a market cap of $205.27 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The firm has a 50-day moving average price of $149.23 and a 200-day moving average price of $158.37. 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 52 week low of $141.51 and a 52 week high of $183.41.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.62%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend 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.