one8zero8 LLC Invests $7.60 Million in PepsiCo, Inc. (NASDAQ:PEP)

one8zero8 LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 49,990 shares of the company’s stock, valued at approximately $7,601,000. PepsiCo makes up about 1.6% of one8zero8 LLC’s holdings, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tcfg Wealth Management LLC increased its position in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares during the period. BIP Wealth LLC increased its position in shares of PepsiCo by 1.9% in the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after purchasing an additional 67 shares during the period. Lincoln Capital LLC increased its position in shares of PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after purchasing an additional 70 shares during the period. Marshall Financial Group LLC increased its position in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after purchasing an additional 70 shares during the period. Finally, Osprey Private Wealth LLC grew its position in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $148.59 on Friday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business’s 50 day moving average price is $148.76 and its two-hundred day moving average price is $159.99. The firm has a market cap of $203.79 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. PepsiCo’s revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo’s payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of research firms have issued reports on PEP. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI decreased their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $170.59.

Check Out Our Latest Stock Report on PepsiCo

PepsiCo Company Profile

(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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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