7,960 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Argentarii LLC

Argentarii LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,960 shares of the company’s stock, valued at approximately $1,210,000.

A number of other large investors have also added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC grew its holdings in PepsiCo by 0.9% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 36,725 shares of the company’s stock worth $5,584,000 after acquiring an additional 344 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of PepsiCo during the 4th quarter valued at about $435,000. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in shares of PepsiCo by 5.2% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 12,157 shares of the company’s stock valued at $1,849,000 after purchasing an additional 602 shares in the last quarter. Amundi boosted its stake in shares of PepsiCo by 12.0% during the 4th quarter. Amundi now owns 9,278,801 shares of the company’s stock valued at $1,360,972,000 after purchasing an additional 996,351 shares in the last quarter. Finally, Naviter Wealth LLC boosted its stake in shares of PepsiCo by 8.4% during the 4th quarter. Naviter Wealth LLC now owns 16,635 shares of the company’s stock valued at $2,552,000 after purchasing an additional 1,282 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1 %

PEP opened at $154.44 on Friday. 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 has a market capitalization of $211.81 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The business has a 50-day moving average of $148.80 and a two-hundred day moving average of $160.86. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 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 .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company 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. This represents a $5.42 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $172.35.

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.