Laurion Capital Management LP Has $17.18 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Laurion Capital Management LP boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 4,127.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,004 shares of the company’s stock after buying an additional 110,331 shares during the period. Laurion Capital Management LP’s holdings in PepsiCo were worth $17,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings in shares of PepsiCo by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,597 shares of the company’s stock worth $2,980,000 after acquiring an additional 478 shares during the last quarter. Czech National Bank grew its position in PepsiCo by 6.3% in the 4th quarter. Czech National Bank now owns 297,475 shares of the company’s stock worth $45,234,000 after purchasing an additional 17,664 shares in the last quarter. Aprio Wealth Management LLC grew its position in PepsiCo by 5.9% in the 4th quarter. Aprio Wealth Management LLC now owns 4,214 shares of the company’s stock worth $641,000 after purchasing an additional 233 shares in the last quarter. Matrix Trust Co grew its position in PepsiCo by 15.8% in the 4th quarter. Matrix Trust Co now owns 7,261 shares of the company’s stock worth $1,104,000 after purchasing an additional 992 shares in the last quarter. Finally, Clark & Stuart Inc bought a new stake in PepsiCo in the 4th quarter worth about $4,437,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8%

PEP opened at $130.44 on Monday. PepsiCo, Inc. has a 12 month low of $129.93 and a 12 month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $178.84 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a 50 day moving average of $143.73 and a 200 day moving average of $150.74.

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

PepsiCo Increases Dividend

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

Analyst Ratings Changes

PEP has been the subject of a number of research reports. UBS Group reduced their target price on shares of 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. increased their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.