Corton Capital Inc. Has $631,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Corton Capital Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 36.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,726 shares of the company’s stock after purchasing an additional 989 shares during the period. Corton Capital Inc.’s holdings in PepsiCo were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. bought a new position in shares of PepsiCo during the third quarter worth approximately $25,000. Spotlight Asset Group Inc. bought a new position in PepsiCo during the 2nd quarter worth $27,000. Pacifica Partners Inc. bought a new position in PepsiCo during the 3rd quarter worth $27,000. West Tower Group LLC bought a new position in PepsiCo during the 2nd quarter worth $36,000. Finally, VitalStone Financial LLC bought a new position in PepsiCo during the 2nd quarter worth $46,000. Institutional investors own 71.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PEP. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. Jefferies Financial Group began coverage on PepsiCo in a report on Monday, November 13th. They set a “buy” rating and a $203.00 price objective on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $187.77.

Get Our Latest Stock Analysis on PEP

PepsiCo Trading Down 0.7 %

Shares of PEP stock traded down $1.13 during mid-day trading on Wednesday, hitting $167.03. The company’s stock had a trading volume of 5,272,951 shares, compared to its average volume of 5,644,751. The company’s fifty day simple moving average is $168.55 and its 200-day simple moving average is $169.51. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The company has a market cap of $229.57 billion, a PE ratio of 25.41, a P/E/G ratio of 2.63 and a beta of 0.54.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period last year, the company posted $1.67 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

About PepsiCo

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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