Nvwm LLC Purchases 96 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nvwm LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,745 shares of the company’s stock after acquiring an additional 96 shares during the quarter. Nvwm LLC’s holdings in PepsiCo were worth $1,330,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PEP. AMF Tjanstepension AB lifted its stake in PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the last quarter. Czech National Bank boosted its holdings in shares of PepsiCo by 6.8% in the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after acquiring an additional 17,833 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of PepsiCo by 12.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 13,829 shares of the company’s stock valued at $2,352,000 after purchasing an additional 1,527 shares during the period. Atwood & Palmer Inc. lifted its holdings in PepsiCo by 1.2% during the 3rd quarter. Atwood & Palmer Inc. now owns 13,753 shares of the company’s stock worth $2,339,000 after purchasing an additional 160 shares in the last quarter. Finally, Pacifica Partners Inc. grew its holdings in PepsiCo by 4.6% during the 3rd quarter. Pacifica Partners Inc. now owns 20,425 shares of the company’s stock valued at $3,473,000 after buying an additional 892 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.49 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm’s 50 day simple moving average is $152.49 and its two-hundred day simple moving average is $164.53. The company has a market capitalization of $196.87 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday. TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. BNP Paribas cut their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday. Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $173.53.

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.