Vise Technologies Inc. Purchases 22,754 Shares of PepsiCo, Inc. $PEP

Vise Technologies Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 52.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,265 shares of the company’s stock after buying an additional 22,754 shares during the quarter. Vise Technologies Inc.’s holdings in PepsiCo were worth $9,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MH & Associates Securities Management Corp ADV bought a new position in shares of PepsiCo during the 4th quarter worth $29,000. Imprint Wealth LLC bought a new position in shares of PepsiCo during the 3rd quarter worth $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth $33,000. Evolution Wealth Management Inc. grew its position in shares of PepsiCo by 47.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock worth $33,000 after buying an additional 75 shares in the last quarter. Finally, Strategic Advocates LLC purchased a new stake in shares of PepsiCo during the 3rd quarter worth $33,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on PepsiCo from $165.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. TD Cowen increased their price target on PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Evercore increased their price target on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Barclays increased their price target on PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Finally, Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $170.11.

PepsiCo Stock Down 0.3%

Shares of PEP stock opened at $142.15 on Friday. The stock’s 50-day simple moving average is $152.40 and its 200-day simple moving average is $152.58. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The firm has a market capitalization of $194.29 billion, a PE ratio of 22.32, a P/E/G ratio of 2.58 and a beta of 0.35. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s dividend payout ratio is currently 92.94%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.