Virtu Financial LLC Has $5.37 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Virtu Financial LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 272.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,323 shares of the company's stock after acquiring an additional 25,851 shares during the period. Virtu Financial LLC's holdings in PepsiCo were worth $5,371,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, TD Cowen lowered their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus target price of $169.88.

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PepsiCo Stock Up 2.1 %

Shares of PEP traded up $3.10 on Wednesday, hitting $148.64. The company's stock had a trading volume of 5,881,682 shares, compared to its average volume of 5,423,145. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $203.86 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 3.09 and a beta of 0.52. The firm's fifty day moving average price is $149.09 and its 200-day moving average price is $158.50. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The company 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%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. PepsiCo's dividend payout ratio is currently 77.99%.

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.