Stenger Family Office LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,194 shares of the company's stock, valued at approximately $334,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after acquiring an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV raised its stake in PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after buying an additional 4,712 shares in the last quarter. Guinness Asset Management LTD boosted its holdings in PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after purchasing an additional 61,541 shares in the last quarter. WCM Investment Management LLC increased its stake in PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after purchasing an additional 8,759 shares during the last quarter. Finally, Everence Capital Management Inc. raised its holdings in PepsiCo by 48.2% during the fourth quarter. Everence Capital Management Inc. now owns 56,089 shares of the company's stock worth $8,529,000 after purchasing an additional 18,250 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on PEP shares. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada assumed coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price on the stock. Bank of America reissued a "neutral" rating and issued a $155.00 target price (down from $185.00) on shares of PepsiCo in a research report on Tuesday. HSBC dropped their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $168.12.
Get Our Latest Stock Analysis on PEP
PepsiCo Price Performance
Shares of NASDAQ:PEP traded up $2.75 during midday trading on Friday, hitting $142.84. 6,052,161 shares of the stock were exchanged, compared to its average volume of 6,108,149. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. 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 50 day moving average price of $148.22 and a 200-day moving average price of $155.14. The stock has a market cap of $195.88 billion, a P/E ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo's payout ratio is 77.99%.
About PepsiCo
(
Free Report)
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.
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