PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,817 shares of the company’s stock after buying an additional 807 shares during the period. PepsiCo comprises 1.3% of DoubleLine ETF Adviser LP’s portfolio, making the stock its 15th largest holding. DoubleLine ETF Adviser LP’s holdings in PepsiCo were worth $4,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter worth $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $33,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Bank of America reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Price Performance

NASDAQ PEP opened at $133.55 on Friday. PepsiCo, Inc. has a 1 year low of $131.52 and a 1 year high of $183.41. The business’s fifty day moving average is $146.40 and its two-hundred day moving average is $152.82. The stock has a market capitalization of $183.14 billion, a P/E ratio of 19.22, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 79.71%.

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.