Potomac Fund Management Inc. ADV Invests $924,000 in PepsiCo, Inc. (NASDAQ:PEP)

Potomac Fund Management Inc. ADV acquired 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 acquired 6,077 shares of the company's stock, valued at approximately $924,000.

A number of other hedge funds have also made changes to their positions in PEP. Collier Financial acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the fourth quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on PEP shares. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. UBS Group decreased their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, HSBC lowered 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. One 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's stock. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus price target of $169.88.

Remove Ads

PepsiCo Trading Down 0.4 %

Shares of PEP stock traded down $0.55 during mid-day trading on Wednesday, hitting $149.12. 5,855,749 shares of the company's stock were exchanged, compared to its average volume of 5,899,894. The stock has a market cap of $204.52 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 3.09 and a beta of 0.52. 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 fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a 50-day simple moving average of $149.32 and a two-hundred day simple moving average of $157.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results 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 firm had revenue of $27.78 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's dividend payout ratio (DPR) is 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.