McHugh Group LLC Takes $277,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

McHugh Group LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,820 shares of the company’s stock, valued at approximately $277,000.

Other large investors also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth about $31,000. Rakuten Securities Inc. grew its holdings in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new position in PepsiCo during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.5 %

PEP stock opened at $145.66 on Thursday. The firm has a market cap of $199.84 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a fifty day moving average price of $152.49 and a two-hundred day moving average price of $164.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s dividend payout ratio is presently 79.94%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday. BNP Paribas reduced their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday. They issued a $172.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.47.

About PepsiCo

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.