TigerOak Management L.L.C. Makes New $694,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

TigerOak Management L.L.C. bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,562 shares of the company’s stock, valued at approximately $694,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Roxbury Financial LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $313,000. Guyasuta Investment Advisors Inc. increased its stake in shares of PepsiCo by 4.6% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 268,431 shares of the company’s stock valued at $40,818,000 after purchasing an additional 11,717 shares during the period. Aveo Capital Partners LLC raised its holdings in shares of PepsiCo by 7.4% during the fourth quarter. Aveo Capital Partners LLC now owns 5,870 shares of the company’s stock valued at $893,000 after buying an additional 405 shares during the last quarter. Manchester Capital Management LLC grew its holdings in PepsiCo by 2.3% in the 4th quarter. Manchester Capital Management LLC now owns 13,969 shares of the company’s stock worth $2,124,000 after buying an additional 315 shares in the last quarter. Finally, CapWealth Advisors LLC increased its position in PepsiCo by 0.6% in the 4th quarter. CapWealth Advisors LLC now owns 106,056 shares of the company’s stock valued at $16,127,000 after acquiring an additional 665 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP opened at $143.39 on Friday. The stock has a fifty day moving average of $149.80 and a 200-day moving average of $163.20. The firm has a market capitalization of $196.66 billion, a P/E ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. PepsiCo’s dividend payout ratio is 77.99%.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Barclays decreased their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $171.47.

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.