Navalign LLC Invests $237,000 in PepsiCo, Inc. (NASDAQ:PEP)

Navalign LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,557 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth about $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Citigroup decreased their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Morgan Stanley decreased their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group cut their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $160.69.

PepsiCo Trading Down 0.0%

NASDAQ PEP opened at $130.12 on Friday. PepsiCo, Inc. has a one year low of $127.87 and a one year high of $181.89. The company’s 50 day moving average price is $139.93 and its 200 day moving average price is $148.69. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $178.40 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.37%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

PepsiCo 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.