PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 203.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 40,185 shares of the company’s stock after purchasing an additional 26,935 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in PepsiCo were worth $6,111,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $133.55 on Friday. The stock has a market capitalization of $183.14 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. 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 business has a 50-day moving average of $146.40 and a 200 day moving average of $152.82. PepsiCo, Inc. has a 12 month low of $131.52 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s payout ratio is currently 79.71%.

Wall Street Analyst Weigh In

A number of analysts have commented on PEP shares. Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Bank of America cut their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Finally, CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $160.69.

About PepsiCo

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.