28,485 Shares in PepsiCo, Inc. $PEP Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,485 shares of the company’s stock, valued at approximately $4,000,000. PepsiCo accounts for about 0.8% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Brighton Jones LLC increased its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Caxton Associates LLP bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $251,000. Sivia Capital Partners LLC lifted its position in shares of PepsiCo by 138.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after acquiring an additional 3,790 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Good Life Advisors LLC increased its position in shares of PepsiCo by 29.5% during the second quarter. Good Life Advisors LLC now owns 6,627 shares of the company’s stock valued at $875,000 after purchasing an additional 1,510 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on PEP shares. BNP Paribas Exane set a $191.00 target price on PepsiCo in a research report on Wednesday, February 4th. Barclays boosted their price target on shares of PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Evercore raised their price objective on shares of PepsiCo from $152.00 to $165.00 in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Wells Fargo & Company increased their price target on shares of PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $169.00.

PepsiCo Stock Performance

PepsiCo stock opened at $159.88 on Friday. The firm has a market capitalization of $218.50 billion, a P/E ratio of 26.65, a P/E/G ratio of 3.05 and a beta of 0.39. The stock has a fifty day moving average price of $156.71 and a two-hundred day moving average price of $149.68. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Monday, February 2nd. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.24 by $0.02. The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s dividend payout ratio is currently 94.83%.

PepsiCo declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.