Hudson Capital Management LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,187 shares of the company’s stock, valued at approximately $262,000.
Other hedge funds also recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services bought a new stake in PepsiCo in the fourth quarter worth about $201,000. Round Table Services LLC bought a new stake in PepsiCo in the fourth quarter worth about $201,000. Bouchey Financial Group Ltd bought a new stake in PepsiCo in the fourth quarter worth about $214,000. Oakmont Partners LLC bought a new stake in PepsiCo in the fourth quarter worth about $220,000. Finally, KCS Wealth Advisory bought a new stake in PepsiCo in the fourth quarter worth about $239,000. 70.93% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on PEP shares. Cowen reaffirmed a “buy” rating and issued a $133.00 price objective on shares of PepsiCo in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday, December 4th. Deutsche Bank started coverage on shares of PepsiCo in a research report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock. TheStreet lowered shares of PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. Finally, SunTrust Banks started coverage on shares of PepsiCo in a research report on Monday, January 29th. They issued a “hold” rating and a $125.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $123.04.
PepsiCo stock opened at $111.64 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. PepsiCo, Inc. has a 12 month low of $106.19 and a 12 month high of $122.51. The company has a market cap of $158,518.53, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.64 and a beta of 0.69.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The business had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $19.40 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. sell-side analysts expect that PepsiCo, Inc. will post 5.7 earnings per share for the current year.
PepsiCo declared that its board has approved a share buyback program on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be paid a $0.805 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio is presently 95.55%.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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