63,897 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Woodline Partners LP

Woodline Partners LP acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 63,897 shares of the company’s stock, valued at approximately $9,716,000.

A number of other large investors have also recently made changes to their positions in PEP. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the fourth quarter worth $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the fourth quarter worth $31,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $130.12 on Friday. The firm has a market cap of $178.40 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52-week low of $127.87 and a 52-week high of $181.89. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company’s 50 day moving average is $139.93 and its 200 day moving average is $148.69.

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

PepsiCo Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEP. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Bank of America reduced 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. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Finally, UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a 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, the stock presently has an average rating of “Hold” and a consensus 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.