PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,288 shares of the company’s stock after acquiring an additional 9,409 shares during the quarter. Metis Global Partners LLC’s holdings in PepsiCo were worth $11,768,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PEP. Amplius Wealth Advisors LLC raised its stake in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC lifted its stake in PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. SYM FINANCIAL Corp raised its holdings in shares of PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after purchasing an additional 61 shares in the last quarter. Finally, Capital Investment Counsel Inc lifted its stake in shares of PepsiCo by 1.6% in the 4th quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock valued at $699,000 after purchasing an additional 64 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP traded up $0.70 during trading hours on Friday, reaching $176.15. 3,492,120 shares of the company traded hands, compared to its average volume of 5,328,097. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock’s fifty day moving average is $170.14 and its 200 day moving average is $168.46. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The stock has a market cap of $242.17 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. PepsiCo’s dividend payout ratio is currently 76.09%.

Analyst Upgrades and Downgrades

Several research firms have commented on PEP. Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. JPMorgan Chase & Co. increased their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Barclays boosted their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.