PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 147.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,692 shares of the company’s stock after purchasing an additional 8,759 shares during the quarter. WCM Investment Management LLC’s holdings in PepsiCo were worth $2,229,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEP. Thompson Investment Management Inc. lifted its position in shares of PepsiCo by 1.5% during the 4th quarter. Thompson Investment Management Inc. now owns 33,393 shares of the company’s stock worth $5,078,000 after purchasing an additional 504 shares during the last quarter. Entropy Technologies LP acquired a new stake in PepsiCo in the fourth quarter valued at $883,000. Empowered Funds LLC boosted its position in shares of PepsiCo by 39.3% during the 4th quarter. Empowered Funds LLC now owns 138,963 shares of the company’s stock worth $21,131,000 after acquiring an additional 39,178 shares in the last quarter. Hendershot Investments Inc. increased its holdings in shares of PepsiCo by 7.8% in the 4th quarter. Hendershot Investments Inc. now owns 115,177 shares of the company’s stock valued at $17,514,000 after acquiring an additional 8,376 shares during the last quarter. Finally, Forbes J M & Co. LLP raised its position in shares of PepsiCo by 0.3% during the 4th quarter. Forbes J M & Co. LLP now owns 88,850 shares of the company’s stock worth $13,511,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.2 %

Shares of NASDAQ:PEP opened at $144.35 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm’s 50-day simple moving average is $151.42 and its 200-day simple moving average is $164.06. The company has a market cap of $197.98 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The business 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 dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target on the stock. Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. 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. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $171.47.

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.