Symmetry Partners LLC Makes New $255,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Symmetry Partners LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,680 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. iA Global Asset Management Inc. lifted its holdings in PepsiCo by 9.9% in the fourth quarter. iA Global Asset Management Inc. now owns 162,289 shares of the company’s stock worth $24,678,000 after buying an additional 14,621 shares during the period. Wilkins Investment Counsel Inc. lifted its holdings in shares of PepsiCo by 6.7% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 94,531 shares of the company’s stock valued at $14,374,000 after purchasing an additional 5,904 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in shares of PepsiCo by 15.1% during the fourth quarter. First National Bank of Hutchinson now owns 7,144 shares of the company’s stock valued at $1,086,000 after purchasing an additional 939 shares during the last quarter. Atlantic Private Wealth LLC lifted its holdings in shares of PepsiCo by 37.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock valued at $42,000 after purchasing an additional 75 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of PepsiCo by 3.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,139,835 shares of the company’s stock valued at $173,323,000 after purchasing an additional 39,504 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.6 %

NASDAQ:PEP opened at $148.11 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market cap of $203.13 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a 50 day simple moving average of $148.97 and a two-hundred day simple moving average of $159.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $168.00 to $156.00 in a report on Tuesday. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, BNP Paribas decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Company 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.