PharVision Advisers LLC Acquires Shares of 2,097 PepsiCo, Inc. (NASDAQ:PEP)

PharVision Advisers LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, Holdings Channel reports. The firm purchased 2,097 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter worth $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Price Performance

PEP stock opened at $130.15 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’s fifty day simple moving average is $140.35 and its 200 day simple moving average is $148.94. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $182.13. The firm has a market cap of $178.45 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $17.81 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

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