PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,365 shares of the company’s stock after acquiring an additional 8,953 shares during the period. Anchor Capital Advisors LLC’s holdings in PepsiCo were worth $15,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth approximately $28,000. Collier Financial acquired a new stake in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $30,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.3 %

PEP stock opened at $152.02 on Friday. The firm has a market cap of $208.50 billion, a PE ratio of 21.87, a P/E/G ratio of 3.09 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 debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $148.57 and a 200 day simple moving average of $161.73.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company 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 $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Royal Bank of Canada began coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price on the stock. TD Cowen lowered 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. Finally, Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One 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’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $171.47.

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.