Adage Capital Partners GP L.L.C. Has $189.74 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Adage Capital Partners GP L.L.C. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,247,779 shares of the company’s stock after acquiring an additional 232,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of PepsiCo worth $189,737,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PEP. WealthTrak Capital Management LLC bought a new position in PepsiCo during the fourth quarter worth about $28,000. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $33,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEP. BNP Paribas decreased their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI reduced their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Citigroup decreased their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $167.24.

PepsiCo Stock Performance

NASDAQ PEP opened at $143.46 on Wednesday. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. 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 company has a 50-day simple moving average of $148.10 and a 200 day simple moving average of $154.48. The company has a market capitalization of $196.73 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.