Parkwood LLC Acquires 198 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Parkwood LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,258 shares of the company’s stock after acquiring an additional 198 shares during the quarter. PepsiCo comprises approximately 1.3% of Parkwood LLC’s portfolio, making the stock its 18th biggest holding. Parkwood LLC’s holdings in PepsiCo were worth $7,862,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. MAI Capital Management increased its holdings in shares of PepsiCo by 3.7% in the fourth quarter. MAI Capital Management now owns 215,903 shares of the company’s stock worth $37,504,000 after purchasing an additional 7,610 shares during the period. Cable Hill Partners LLC increased its holdings in shares of PepsiCo by 6.1% in the fourth quarter. Cable Hill Partners LLC now owns 5,786 shares of the company’s stock worth $1,005,000 after purchasing an additional 331 shares during the period. Prudential PLC increased its holdings in shares of PepsiCo by 1,962.5% in the fourth quarter. Prudential PLC now owns 34,670 shares of the company’s stock worth $6,023,000 after purchasing an additional 32,989 shares during the period. Equitable Holdings Inc. increased its holdings in shares of PepsiCo by 7.0% in the fourth quarter. Equitable Holdings Inc. now owns 24,793 shares of the company’s stock worth $4,307,000 after purchasing an additional 1,612 shares during the period. Finally, Bigelow Investment Advisors LLC increased its holdings in shares of PepsiCo by 1.8% in the fourth quarter. Bigelow Investment Advisors LLC now owns 11,012 shares of the company’s stock worth $1,913,000 after purchasing an additional 198 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

PEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $173.00 to $175.00 in a report on Wednesday, April 27th. Barclays cut their target price on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, February 14th. Morgan Stanley upped their target price on shares of PepsiCo from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 8th. Guggenheim upped their target price on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $183.00 to $186.00 in a research report on Wednesday, April 27th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $176.56.

Shares of NASDAQ:PEP traded down $1.01 during midday trading on Tuesday, hitting $174.46. 5,011,928 shares of the stock traded hands, compared to its average volume of 5,587,119. The stock has a market capitalization of $241.22 billion, a PE ratio of 23.87, a P/E/G ratio of 3.45 and a beta of 0.58. The business’s 50 day moving average is $168.86 and its two-hundred day moving average is $168.36. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a one year low of $144.08 and a one year high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. PepsiCo’s revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be paid a dividend of $1.15 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.64%. PepsiCo’s dividend payout ratio (DPR) is currently 58.82%.

PepsiCo Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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