Inscription Capital LLC Purchases Shares of 26,013 PepsiCo, Inc. (NASDAQ:PEP)

Inscription Capital LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,013 shares of the company’s stock, valued at approximately $3,900,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Tallon Kerry Patrick purchased a new stake in PepsiCo in the 4th quarter valued at $224,000. Brighton Jones LLC increased its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $9,268,000. Bank Pictet & Cie Europe AG boosted its stake in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after buying an additional 11,538 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of PepsiCo by 39.8% during the fourth quarter. Allworth Financial LP now owns 66,784 shares of the company’s stock worth $9,890,000 after buying an additional 19,013 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4%

Shares of PEP stock opened at $131.41 on Tuesday. The stock has a market cap of $180.17 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The business has a fifty day simple moving average of $134.45 and a 200-day simple moving average of $144.73.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 represents a $5.69 dividend on an annualized basis and a yield of 4.33%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. UBS Group decreased their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Morgan Stanley decreased their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Barclays dropped their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Citigroup reduced their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.