PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Manchester Capital Management LLC

Manchester Capital Management LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,969 shares of the company’s stock after purchasing an additional 315 shares during the period. Manchester Capital Management LLC’s holdings in PepsiCo were worth $2,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. CapWealth Advisors LLC grew its holdings in shares of PepsiCo by 0.6% during the fourth quarter. CapWealth Advisors LLC now owns 106,056 shares of the company’s stock worth $16,127,000 after buying an additional 665 shares during the last quarter. Empire Life Investments Inc. grew its holdings in shares of PepsiCo by 3.6% during the fourth quarter. Empire Life Investments Inc. now owns 112,427 shares of the company’s stock worth $17,096,000 after buying an additional 3,861 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in shares of PepsiCo by 21.6% during the fourth quarter. PineStone Asset Management Inc. now owns 2,221,971 shares of the company’s stock worth $337,873,000 after buying an additional 395,075 shares during the last quarter. Spinnaker Trust grew its holdings in shares of PepsiCo by 1.2% during the fourth quarter. Spinnaker Trust now owns 30,902 shares of the company’s stock worth $4,699,000 after buying an additional 362 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC boosted its holdings in PepsiCo by 0.8% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 152,798 shares of the company’s stock valued at $23,234,000 after purchasing an additional 1,244 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Citigroup decreased their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays decreased their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Down 0.8 %

Shares of PEP opened at $143.39 on Friday. The stock has a fifty day moving average of $150.09 and a two-hundred day moving average of $163.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The company has a market capitalization of $196.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. PepsiCo’s dividend payout ratio is presently 77.99%.

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.