PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by HUB Investment Partners LLC

HUB Investment Partners LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,908 shares of the company’s stock after purchasing an additional 738 shares during the period. HUB Investment Partners LLC’s holdings in PepsiCo were worth $3,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Collier Financial bought a new position in PepsiCo in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the third quarter valued at $31,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $30,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP stock opened at $148.11 on Thursday. 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 company has a market capitalization of $203.13 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 3.09 and a beta of 0.52. The firm has a 50 day moving average of $148.97 and a two-hundred day moving average of $159.50. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for 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 business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Finally, Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $168.00 to $156.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price 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.