Summit Place Financial Advisors LLC Has $1.87 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Summit Place Financial Advisors LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 127.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,281 shares of the company’s stock after purchasing an additional 6,881 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in PepsiCo were worth $1,867,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PEP. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter worth about $28,000. Collier Financial bought a new stake in PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the 3rd quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $144.10 on Wednesday. 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 stock’s fifty day moving average price is $149.48 and its two-hundred day moving average price is $162.84. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market cap of $197.63 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 2.95 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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 firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the firm posted $1.78 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.76%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several research firms have commented on PEP. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. BNP Paribas dropped their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley dropped their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $171.47.

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.