PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by Humankind Investments LLC

Humankind Investments LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,969 shares of the company’s stock after acquiring an additional 468 shares during the period. Humankind Investments LLC’s holdings in PepsiCo were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Collier Financial bought a new position in PepsiCo in the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $33,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.8 %

PepsiCo stock opened at $130.44 on Friday. PepsiCo, Inc. has a 12 month low of $130.16 and a 12 month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $178.84 billion, a P/E ratio of 18.77, a P/E/G ratio of 3.09 and a beta of 0.47. The company’s fifty day simple moving average is $143.73 and its 200-day simple moving average is $150.88.

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

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.36%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s payout ratio is currently 83.68%.

Analyst Ratings Changes

PEP has been the subject of a number of research analyst reports. UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. HSBC cut their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Morgan Stanley dropped their target price on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Company 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.