Studio Investment Management LLC Increases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Studio Investment Management LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,730 shares of the company’s stock after buying an additional 358 shares during the quarter. Studio Investment Management LLC’s holdings in PepsiCo were worth $2,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. USA Financial Formulas acquired a new stake in shares of PepsiCo in the fourth quarter valued at $195,000. Tallon Kerry Patrick purchased a new stake in PepsiCo during the 4th quarter worth about $224,000. Congress Park Capital LLC lifted its holdings in PepsiCo by 3.9% during the 4th quarter. Congress Park Capital LLC now owns 6,050 shares of the company’s stock worth $920,000 after buying an additional 225 shares during the last quarter. Bennett Associates Wealth Management lifted its holdings in shares of PepsiCo by 6.1% in the 4th quarter. Bennett Associates Wealth Management now owns 2,835 shares of the company’s stock valued at $431,000 after purchasing an additional 164 shares during the last quarter. Finally, Empirical Asset Management LLC lifted its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Empirical Asset Management LLC now owns 34,939 shares of the company’s stock valued at $5,313,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4%

Shares of PepsiCo stock opened at $131.98 on Friday. The business has a 50-day moving average of $141.38 and a 200-day moving average of $149.66. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market capitalization of $180.96 billion, a PE ratio of 18.99, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1-year low of $127.87 and a 1-year high of $182.96.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from 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.