Winebrenner Capital Management LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,763 shares of the company's stock, valued at approximately $1,180,000.
Other large investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in PepsiCo in the third quarter worth approximately $28,000. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the third quarter valued at $31,000. Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the fourth quarter worth about $30,000. 73.07% of the stock is owned by hedge funds and other institutional investors.
PepsiCo Trading Up 3.0 %
Shares of PepsiCo stock opened at $153.50 on Friday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm's 50 day simple moving average is $148.75 and its two-hundred day simple moving average is $162.39. 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 firm has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.09 and a beta of 0.54.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo's dividend payout ratio is currently 77.99%.
Wall Street Analyst Weigh In
Several research firms have recently commented on PEP. Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley dropped their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Barclays reduced their price target on PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup dropped their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $171.47.
Get Our Latest Stock Analysis on PepsiCo
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.
See Also
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).
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