Fox Run Management L.L.C. Invests $608,000 in PepsiCo, Inc. (NASDAQ:PEP)

Fox Run Management L.L.C. acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,996 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of PepsiCo in the 4th quarter worth $78,945,000. AXQ Capital LP bought a new stake in PepsiCo in the fourth quarter worth about $1,322,000. Umpqua Bank lifted its holdings in PepsiCo by 20.7% in the 4th quarter. Umpqua Bank now owns 15,927 shares of the company’s stock valued at $2,309,000 after acquiring an additional 2,733 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of PepsiCo by 138.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,878 shares of the company’s stock valued at $286,000 after purchasing an additional 1,090 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of PepsiCo by 1.8% in the 4th quarter. American Century Companies Inc. now owns 2,313,136 shares of the company’s stock worth $351,735,000 after purchasing an additional 40,920 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.7 %

Shares of NASDAQ PEP opened at $146.45 on Tuesday. The business has a 50 day simple moving average of $149.08 and a 200 day simple moving average of $158.73. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock has a market cap of $200.86 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 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 company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid 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 3.70%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. UBS Group decreased their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Morgan Stanley dropped their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $169.88.

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.