Breed s Hill Capital LLC Acquires New Shares in PepsiCo, Inc. (NASDAQ:PEP)

Breed s Hill Capital LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,355 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA grew its stake in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. Life Planning Partners Inc bought a new stake in PepsiCo in the 4th quarter worth about $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $39,000. Finally, Avion Wealth grew its holdings in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP traded up $0.65 during trading hours on Thursday, hitting $178.06. The stock had a trading volume of 2,419,686 shares, compared to its average volume of 5,631,914. The company has a 50 day simple moving average of $170.96 and a two-hundred day simple moving average of $168.82. The firm has a market capitalization of $244.79 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.87 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.04%. PepsiCo’s dividend payout ratio is presently 81.50%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Finally, Jefferies Financial Group upped their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

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.