PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,612 shares of the company’s stock after acquiring an additional 288 shares during the period. Hexagon Capital Partners LLC’s holdings in PepsiCo were worth $691,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC raised its stake in PepsiCo by 70.8% in the 1st quarter. Penserra Capital Management LLC now owns 6,128 shares of the company’s stock worth $917,000 after acquiring an additional 2,541 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its stake in shares of PepsiCo by 24.1% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 105,082 shares of the company’s stock worth $15,756,000 after purchasing an additional 20,438 shares during the last quarter. Traveka Wealth LLC acquired a new stake in shares of PepsiCo during the first quarter worth about $280,000. Cloud Capital Management LLC acquired a new position in PepsiCo in the 1st quarter worth approximately $108,000. Finally, Argentarii LLC raised its position in PepsiCo by 14.7% during the 1st quarter. Argentarii LLC now owns 9,127 shares of the company’s stock worth $1,369,000 after buying an additional 1,167 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $135.58 on Friday. The business has a 50 day simple moving average of $131.40 and a two-hundred day simple moving average of $142.17. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The stock has a market capitalization of $185.88 billion, a P/E ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.61 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.20%. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PEP shares. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Barclays reduced their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Bank of America dropped their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.75.

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.