8,697 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by AXQ Capital LP

AXQ Capital LP acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,697 shares of the company’s stock, valued at approximately $1,322,000. PepsiCo comprises 0.6% of AXQ Capital LP’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds have also recently made changes to their positions in PEP. Raymond James Financial Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth $589,307,000. Charles Schwab Investment Management Inc. lifted its stake in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. State Street Corp raised its stake in PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. raised its stake in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $145.45 on Friday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $199.48 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business’s 50 day moving average price is $149.04 and its 200 day moving average price is $159.22.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $169.88.

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.