Truvestments Capital LLC Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Truvestments Capital LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,834 shares of the company’s stock after buying an additional 102 shares during the quarter. Truvestments Capital LLC’s holdings in PepsiCo were worth $431,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Collier Financial purchased a new stake in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the fourth quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the third quarter valued at $31,000. Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $148.17 on Thursday. The stock has a market capitalization of $203.22 billion, a price-to-earnings ratio of 21.32, a PEG 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. The firm’s 50 day simple moving average is $148.82 and its 200-day simple moving average is $160.37. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last released its quarterly 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 net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the company earned $1.78 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PEP. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target for the company. Barclays increased their price target on shares of PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Finally, BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $170.59.

PepsiCo Company 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.