Inceptionr LLC Buys New Shares in PepsiCo, Inc. (NASDAQ:PEP)

Inceptionr LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, HoldingsChannel reports. The fund bought 11,389 shares of the company’s stock, valued at approximately $1,732,000.

Other hedge funds have also added to or reduced their stakes in the company. Collier Financial bought a new position in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. grew its position in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $34,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEP. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $153.88 on Thursday. The company has a 50-day simple moving average of $148.73 and a two-hundred day simple moving average of $161.14. The stock has a market capitalization of $211.05 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 3.52%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is 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.