Acorn Creek Capital LLC Has $316,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Acorn Creek Capital LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,857 shares of the company’s stock after buying an additional 189 shares during the quarter. Acorn Creek Capital LLC’s holdings in PepsiCo were worth $316,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in PepsiCo during the fourth quarter worth about $103,000. Compass Wealth Management LLC lifted its stake in PepsiCo by 4.2% during the first quarter. Compass Wealth Management LLC now owns 24,079 shares of the company’s stock worth $4,214,000 after purchasing an additional 975 shares during the period. GAMMA Investing LLC lifted its stake in PepsiCo by 17.1% during the first quarter. GAMMA Investing LLC now owns 13,635 shares of the company’s stock worth $2,386,000 after purchasing an additional 1,990 shares during the period. Marion Wealth Management lifted its stake in PepsiCo by 6.3% during the first quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock worth $1,467,000 after purchasing an additional 494 shares during the period. Finally, Atlas Brown Inc. lifted its stake in PepsiCo by 8.8% during the first quarter. Atlas Brown Inc. now owns 25,193 shares of the company’s stock worth $4,409,000 after purchasing an additional 2,030 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP opened at $175.90 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The company has a fifty day simple moving average of $173.63 and a 200 day simple moving average of $172.08. The stock has a market cap of $241.82 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.11 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Analysts Set New Price Targets

Several brokerages have recently commented on PEP. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $183.92.

About PepsiCo

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.