46,579 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 46,579 shares of the company's stock, valued at approximately $7,083,000.

Several other large investors have also bought and sold shares of the stock. Lokken Investment Group LLC boosted its stake in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after purchasing an additional 70 shares during the last quarter. Boston Family Office LLC lifted its stake in shares of PepsiCo by 0.7% in the 4th quarter. Boston Family Office LLC now owns 60,056 shares of the company's stock valued at $9,132,000 after purchasing an additional 397 shares during the period. Geode Capital Management LLC grew its stake in PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after purchasing an additional 582,254 shares during the period. National Wealth Management Group LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $232,000. Finally, StoneX Group Inc. boosted its holdings in shares of PepsiCo by 45.6% during the 4th quarter. StoneX Group Inc. now owns 37,906 shares of the company's stock worth $5,804,000 after buying an additional 11,877 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP traded down $4.22 on Monday, reaching $142.39. 6,858,281 shares of the company's stock were exchanged, compared to its average volume of 5,949,846. The firm has a market cap of $195.27 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a fifty day simple moving average of $149.33 and a 200-day simple moving average of $156.94. PepsiCo, Inc. has a 52 week low of $140.73 and a 52 week high of $183.41.

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PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $27.78 billion during 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%. PepsiCo's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. HSBC dropped 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. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Evercore ISI dropped their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $169.88.

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.