Orion Capital Management LLC Has $397,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Orion Capital Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,609 shares of the company’s stock after purchasing an additional 118 shares during the quarter. Orion Capital Management LLC’s holdings in PepsiCo were worth $397,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ossiam increased its position in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after purchasing an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp raised its stake in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after buying an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. lifted its holdings in shares of PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after acquiring an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $47,899,000. Finally, WCM Investment Management LLC increased its stake in PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after acquiring an additional 8,759 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.0%

Shares of PEP opened at $131.80 on Wednesday. The firm has a market capitalization of $180.71 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52 week low of $127.87 and a 52 week high of $182.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business’s fifty day moving average price is $140.72 and its two-hundred day moving average price is $149.07.

PepsiCo (NASDAQ:PEP) last announced 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). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PEP shares. Morgan Stanley decreased their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.