Qsemble Capital Management LP Invests $3.42 Million in PepsiCo, Inc. (NASDAQ:PEP)

Qsemble Capital Management LP purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,104 shares of the company's stock, valued at approximately $3,419,000.

A number of other hedge funds have also bought and sold shares of PEP. Global Wealth Strategies & Associates lifted its holdings in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC bought a new stake in PepsiCo during the third quarter worth $28,000. POM Investment Strategies LLC lifted its holdings in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock worth $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the second quarter valued at $30,000. Finally, Mattson Financial Services LLC bought a new stake in shares of PepsiCo in the second quarter valued at $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock traded down $0.89 during midday trading on Tuesday, hitting $162.16. 4,653,482 shares of the company's stock were exchanged, compared to its average volume of 5,497,072. PepsiCo, Inc. has a 52-week low of $155.85 and a 52-week high of $183.41. The stock has a 50-day moving average price of $168.43 and a two-hundred day moving average price of $170.66. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market cap of $222.48 billion, a P/E ratio of 23.92, a PEG ratio of 3.02 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. During the same period in the previous year, the business earned $2.25 earnings per share. The firm's revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Friday, December 6th. PepsiCo's payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEP. JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada lowered their target price on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research note on Friday, October 4th. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Barclays lowered their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Finally, StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $183.92.

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.