Tobam Has $559,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Tobam decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,674 shares of the company’s stock after selling 1,026 shares during the period. Tobam’s holdings in PepsiCo were worth $559,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PEP. Highline Wealth Partners LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at approximately $44,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PEP shares. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday. Morgan Stanley dropped 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. Deutsche Bank Aktiengesellschaft decreased their price target 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. HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday. They issued a $172.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $171.47.

PepsiCo Price Performance

NASDAQ:PEP opened at $145.35 on Friday. The company has a market capitalization of $199.42 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.92 and a beta of 0.54. The company has a 50-day moving average of $152.15 and a 200-day moving average of $164.39. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio is presently 79.94%.

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.