PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 43.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,457 shares of the company’s stock after acquiring an additional 42,174 shares during the quarter. Quantinno Capital Management LP’s holdings in PepsiCo were worth $21,054,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PEP. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.0%

Shares of PEP stock opened at $130.31 on Wednesday. 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 firm’s fifty day moving average price is $142.80 and its two-hundred day moving average price is $150.32. The firm has a market capitalization of $178.67 billion, a P/E ratio of 18.75, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1 year low of $129.75 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.37%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Analyst Ratings Changes

A number of brokerages have issued reports on PEP. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Bank of America cut their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price 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.