Schonfeld Strategic Advisors LLC Buys 26,935 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Schonfeld Strategic Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 203.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,185 shares of the company’s stock after acquiring an additional 26,935 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in PepsiCo were worth $6,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Vanguard Group Inc. boosted its stake in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock worth $4,717,069,000 after buying an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after acquiring an additional 3,856,193 shares during the period. Norges Bank bought a new position in shares of PepsiCo in the 4th quarter worth $2,729,565,000. Finally, Northern Trust Corp lifted its stake in shares of PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.5 %

Shares of PEP opened at $133.55 on Friday. The stock’s 50-day moving average price is $146.40 and its 200-day moving average price is $152.82. 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 has a market capitalization of $183.14 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52 week low of $131.52 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS 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 firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business earned $1.61 EPS. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on PEP shares. Barclays reduced their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Bank of America reduced their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $160.69.

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.