Sherbrooke Park Advisers LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sherbrooke Park Advisers LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,965 shares of the company’s stock after acquiring an additional 866 shares during the period. Sherbrooke Park Advisers LLC’s holdings in PepsiCo were worth $755,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. USA Financial Formulas bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $195,000. Tallon Kerry Patrick bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $224,000. Congress Park Capital LLC increased its position in shares of PepsiCo by 3.9% during the fourth quarter. Congress Park Capital LLC now owns 6,050 shares of the company’s stock valued at $920,000 after acquiring an additional 225 shares in the last quarter. Bennett Associates Wealth Management increased its position in shares of PepsiCo by 6.1% during the fourth quarter. Bennett Associates Wealth Management now owns 2,835 shares of the company’s stock valued at $431,000 after acquiring an additional 164 shares in the last quarter. Finally, Empirical Asset Management LLC increased its position in shares of PepsiCo by 0.4% during the fourth quarter. Empirical Asset Management LLC now owns 34,939 shares of the company’s stock valued at $5,313,000 after acquiring an additional 124 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4%

PEP opened at $131.98 on Friday. 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, Inc. has a fifty-two week low of $127.87 and a fifty-two week high of $182.96. The firm’s fifty day moving average is $141.38 and its 200 day moving average is $149.66. The stock has a market cap of $180.96 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last released 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the firm posted $1.61 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Morgan Stanley dropped their target price on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Company 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.