Sava Infond d.o.o. Takes $2.11 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Sava Infond d.o.o. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,850 shares of the company’s stock, valued at approximately $2,106,000.

A number of other hedge funds also recently modified their holdings of the business. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada began coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target for the company. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Price Performance

PepsiCo stock opened at $148.64 on Thursday. The business’s 50-day simple moving average is $149.16 and its 200 day simple moving average is $158.43. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $203.86 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 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. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

About PepsiCo

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.