2,385 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,385 shares of the company’s stock, valued at approximately $405,000.

Other hedge funds have also bought and sold shares of the company. DHJJ Financial Advisors Ltd. acquired a new position in PepsiCo during the 3rd quarter valued at approximately $25,000. Pacifica Partners Inc. purchased a new stake in shares of PepsiCo in the 3rd quarter valued at $27,000. West Tower Group LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at $36,000. VitalStone Financial LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at $46,000. Finally, Pacific Center for Financial Services purchased a new stake in shares of PepsiCo in the 1st quarter valued at $47,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PEP shares. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.77.

PepsiCo Price Performance

PEP traded up $1.44 during midday trading on Thursday, hitting $175.01. 5,710,410 shares of the company traded hands, compared to its average volume of 5,942,093. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $240.55 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.70 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The business has a 50 day simple moving average of $168.10 and a two-hundred day simple moving average of $167.99.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders 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 dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

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.