Aviso Wealth Management Acquires 4,136 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Aviso Wealth Management grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,346 shares of the company's stock after acquiring an additional 4,136 shares during the period. Aviso Wealth Management's holdings in PepsiCo were worth $1,269,000 as of its most recent SEC filing.

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

PepsiCo Price Performance

PEP stock traded down $0.40 during trading on Friday, hitting $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 current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a fifty day moving average price of $149.25 and a two-hundred day moving average price of $158.03. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a market cap of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52.

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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, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PEP. Evercore ISI decreased their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $169.88.

PepsiCo Company 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.