PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 18,688.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,540 shares of the company’s stock after acquiring an additional 19,436 shares during the quarter. New Age Alpha Advisors LLC’s holdings in PepsiCo were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its holdings in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the period. Fred Alger Management LLC lifted its position in shares of PepsiCo by 1.2% in the 3rd quarter. Fred Alger Management LLC now owns 50,431 shares of the company’s stock valued at $8,576,000 after acquiring an additional 589 shares in the last quarter. L.M. Kohn & Company boosted its stake in PepsiCo by 1.7% in the 3rd quarter. L.M. Kohn & Company now owns 17,262 shares of the company’s stock worth $2,935,000 after purchasing an additional 283 shares during the period. Encompass More Asset Management grew its position in PepsiCo by 38.9% during the 3rd quarter. Encompass More Asset Management now owns 2,432 shares of the company’s stock worth $414,000 after purchasing an additional 681 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its stake in PepsiCo by 1.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 112,987 shares of the company’s stock valued at $19,213,000 after purchasing an additional 1,797 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

PepsiCo stock opened at $149.27 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. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a fifty day moving average price of $149.25 and a two-hundred day moving average price of $158.03. The firm has a market cap of $204.72 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEP. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Citigroup dropped their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $169.88.

PepsiCo 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.