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

Wallace Capital Management Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,531 shares of the company’s stock after purchasing an additional 200 shares during the period. Wallace Capital Management Inc.’s holdings in PepsiCo were worth $385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the 4th quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the fourth quarter valued at approximately $31,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Barclays lowered their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Bank of America lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Price Performance

NASDAQ PEP opened at $131.79 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $127.87 and a fifty-two week high of $182.13. The stock’s 50-day moving average is $141.05 and its two-hundred day moving average is $149.19. The firm has a market cap of $180.69 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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

PepsiCo Increases Dividend

The company 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 is Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

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.