Laurion Capital Management LP Has $17.18 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Laurion Capital Management LP grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4,127.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,004 shares of the company’s stock after acquiring an additional 110,331 shares during the period. Laurion Capital Management LP’s holdings in PepsiCo were worth $17,183,000 at the end of the most recent quarter.

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

PepsiCo Stock Performance

NASDAQ PEP opened at $130.44 on Monday. The firm’s fifty day moving average price is $143.73 and its two-hundred day moving average price is $150.74. The stock has a market cap of $178.84 billion, a PE ratio of 18.77, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a fifty-two week low of $129.93 and a fifty-two week high of $183.41. 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 posted its 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). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This is a boost 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 4.36%. PepsiCo’s payout ratio is currently 83.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PEP shares. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus 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.