Vivid Financial Management Inc. Has $328,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)


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Vivid Financial Management Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 27.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,322 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Vivid Financial Management Inc.’s holdings in PepsiCo were worth $328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. acquired a new position in PepsiCo during the fourth quarter worth $27,000. PrairieView Partners LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $30,000. Inspire Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $31,000. Interactive Financial Advisors bought a new stake in PepsiCo in the fourth quarter valued at approximately $33,000. Finally, Catalyst Private Wealth LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $34,000. 69.94% of the stock is owned by institutional investors.

Shares of PepsiCo stock traded up $1.04 during midday trading on Friday, hitting $143.35. 117,976 shares of the company traded hands, compared to its average volume of 5,684,264. PepsiCo, Inc. has a 12 month low of $126.53 and a 12 month high of $148.77. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. The stock has a market cap of $197.83 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.63 and a beta of 0.57. The firm’s fifty day moving average price is $136.84 and its 200-day moving average price is $139.99.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.09. The company had revenue of $14.82 billion during the quarter, compared to analysts’ expectations of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. PepsiCo’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were issued a $1.0225 dividend. The ex-dividend date was Thursday, March 4th. This represents a $4.09 annualized dividend and a yield of 2.85%. PepsiCo’s payout ratio is 73.96%.

A number of research firms have commented on PEP. Credit Suisse Group lifted their price objective on shares of PepsiCo from $144.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada downgraded PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price on the stock. in a research report on Monday, January 4th. They noted that the move was a valuation call. Wolfe Research started coverage on shares of PepsiCo in a research report on Monday. They set a “peer perform” rating on the stock. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, April 1st. Finally, Sanford C. Bernstein started coverage on PepsiCo in a research note on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $148.25.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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