Doliver Advisors LP Has $823,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Doliver Advisors LP lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,411 shares of the company’s stock after purchasing an additional 93 shares during the quarter. Doliver Advisors LP’s holdings in PepsiCo were worth $823,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the third quarter worth about $31,000. Mattson Financial Services LLC bought a new stake in PepsiCo in the 2nd quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and increased their price objective for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Royal Bank of Canada dropped their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Finally, Bank of America dropped their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $184.31.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $2.62 during trading on Monday, reaching $147.03. 5,219,873 shares of the stock were exchanged, compared to its average volume of 5,079,411. The firm has a market cap of $201.72 billion, a PE ratio of 21.69, a PEG ratio of 2.94 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $146.72 and a 12 month high of $183.41. The stock has a 50-day moving average price of $159.51 and a 200-day moving average price of $167.26.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 EPS. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.69%. PepsiCo’s dividend payout ratio is presently 79.94%.

PepsiCo 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.