Acadian Asset Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,620,507 shares of the company’s stock after purchasing an additional 59,765 shares during the quarter. PepsiCo accounts for 1.0% of Acadian Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Acadian Asset Management LLC owned approximately 0.12% of PepsiCo worth $221,475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Evolution Wealth Advisors LLC grew its position in shares of PepsiCo by 221.0% in the fourth quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock valued at $27,000 after purchasing an additional 137 shares during the last quarter. Vista Private Wealth Partners. LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $36,000. Exchange Traded Concepts LLC purchased a new stake in PepsiCo in the 4th quarter valued at approximately $40,000. Cordasco Financial Network lifted its stake in PepsiCo by 50.0% in the 3rd quarter. Cordasco Financial Network now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 100 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.
Shares of NASDAQ:PEP opened at $146.99 on Friday. The stock’s 50-day moving average price is $140.23 and its two-hundred day moving average price is $136.19. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 12-month low of $114.11 and a 12-month high of $147.15. The firm has a market cap of $204.97 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.51 and a beta of 0.53.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.01. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The company had revenue of $20.64 billion during the quarter, compared to the consensus estimate of $20.24 billion. During the same quarter in the prior year, the company posted $1.49 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, March 5th. PepsiCo’s dividend payout ratio (DPR) is 67.49%.
Several equities analysts have weighed in on PEP shares. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. SunTrust Banks increased their price objective on PepsiCo to and gave the company a “hold” rating in a research note on Friday. Citigroup increased their price objective on PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI reiterated a “hold” rating on shares of PepsiCo in a research report on Sunday, December 15th. Finally, BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. PepsiCo has an average rating of “Hold” and a consensus target price of $137.95.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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