PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,149 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in PepsiCo were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PEP. Collier Financial bought a new position in PepsiCo in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at about $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $146.61 on Friday. The stock has a market capitalization of $201.05 billion, a PE ratio of 21.09, a PEG ratio of 3.09 and a beta of 0.49. The business’s 50 day simple moving average is $149.33 and its 200 day simple moving average is $157.21. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

PEP has been the topic of several recent research reports. HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $169.88.

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.