Novus Advisors LLC Acquires Shares of 5,304 PepsiCo, Inc. (NASDAQ:PEP)

Novus Advisors LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,304 shares of the company’s stock, valued at approximately $807,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter worth $31,000. Rakuten Securities Inc. lifted its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $34,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on PEP shares. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Barclays lifted their price target on PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $172.35.

PepsiCo Price Performance

PEP opened at $154.61 on Friday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year 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. The company’s 50 day simple moving average is $148.77 and its 200 day simple moving average is $161.10. The stock has a market capitalization of $212.05 billion, a PE ratio of 22.25, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the firm posted $1.78 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.51%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

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.