Creative Capital Management Investments LLC Makes New $30,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Creative Capital Management Investments LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 199 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. AMF Tjanstepension AB boosted its position in PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after buying an additional 40,031 shares during the last quarter. Swedbank AB increased its position in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the period. Howard Capital Management Group LLC raised its holdings in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares during the last quarter. Inspire Advisors LLC acquired a new position in PepsiCo during the 3rd quarter valued at about $203,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of PepsiCo by 3.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,970 shares of the company’s stock worth $35,365,000 after buying an additional 6,334 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.8 %

NASDAQ PEP opened at $143.39 on Tuesday. The stock has a market capitalization of $196.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock’s 50 day moving average price is $149.80 and its two-hundred day moving average price is $163.06. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced 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 business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued 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 3.78%. PepsiCo’s payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEP. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price on the stock. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $171.47.

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.