Doliver Advisors LP Purchases 93 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Doliver Advisors LP lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,411 shares of the company’s stock after buying an additional 93 shares during the period. Doliver Advisors LP’s holdings in PepsiCo were worth $823,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PEP. Global Wealth Strategies & Associates raised its holdings in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the third quarter worth about $31,000. Mattson Financial Services LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. boosted its position in 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 buying an additional 96 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 1.8 %

Shares of PEP stock traded down $2.62 during trading hours on Monday, hitting $147.03. 5,219,873 shares of the company were exchanged, compared to its average volume of 5,079,411. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $146.72 and a fifty-two week high of $183.41. The company has a 50 day simple moving average of $159.51 and a two-hundred day simple moving average of $167.26. The firm has a market cap of $201.72 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.69%. PepsiCo’s dividend payout ratio is 79.94%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEP. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Bank of America reduced their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $184.31.

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.