Brooklyn FI LLC Purchases Shares of 1,660 PepsiCo, Inc. (NASDAQ:PEP)

Brooklyn FI LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,660 shares of the company’s stock, valued at approximately $259,000.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB grew its holdings in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC lifted its position in shares of PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares in the last quarter. BIP Wealth LLC grew its stake in shares of PepsiCo by 1.9% during the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock valued at $612,000 after purchasing an additional 67 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of PepsiCo by 4.0% in the third quarter. Avior Wealth Management LLC now owns 18,313 shares of the company’s stock valued at $3,114,000 after purchasing an additional 703 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in PepsiCo during the 3rd quarter worth $4,838,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $169.88.

PepsiCo Trading Down 0.6 %

NASDAQ:PEP opened at $148.11 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a market cap of $203.13 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The business has a 50 day moving average price of $148.97 and a two-hundred day moving average price of $159.50.

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

PepsiCo Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.