Sivia Capital Partners LLC Buys 4,102 Shares of PepsiCo, Inc. $PEP

Sivia Capital Partners LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 62.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,629 shares of the company’s stock after purchasing an additional 4,102 shares during the quarter. PepsiCo makes up approximately 0.4% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 29th largest position. Sivia Capital Partners LLC’s holdings in PepsiCo were worth $1,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new stake in PepsiCo in the second quarter valued at approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $144.24 on Tuesday. The firm has a 50-day moving average price of $147.09 and a two-hundred day moving average price of $143.59. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a market capitalization of $197.23 billion, a P/E ratio of 27.42, a P/E/G ratio of 4.96 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio is currently 108.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PEP shares. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Jefferies Financial Group lifted their target price on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Rothschild & Co Redburn increased their price target on shares of PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a report on Monday, December 15th. Finally, Barclays boosted their price objective on PepsiCo from $142.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. Eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $158.75.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.