SLT Holdings LLC Buys New Position in PepsiCo, Inc. (NASDAQ:PEP)

SLT Holdings LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,736 shares of the company’s stock, valued at approximately $416,000.

Other large investors have also added to or reduced their stakes in the company. Collier Financial purchased a new stake in PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. boosted 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 worth $34,000 after buying an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $154.44 on Friday. The business has a 50 day simple moving average of $148.80 and a two-hundred day simple moving average of $160.86. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a market capitalization of $211.81 billion, a P/E ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52. 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:PEPGet Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.51%. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $172.35.

Check Out Our Latest Stock Analysis on PEP

PepsiCo Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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