Gables Capital Management Inc. Acquires 200 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Gables Capital Management Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,152 shares of the company’s stock after acquiring an additional 200 shares during the period. Gables Capital Management Inc.’s holdings in PepsiCo were worth $631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Collier Financial bought a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. boosted its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Creative Capital Management Investments LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $30,000. Finally, Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 1.2 %

Shares of NASDAQ:PEP opened at $156.25 on Tuesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The business’s fifty day simple moving average is $148.89 and its 200-day simple moving average is $160.62. The company has a market capitalization of $214.30 billion, a PE ratio of 22.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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 analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared 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 of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.47%. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. Barclays raised their price objective on PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Citigroup lowered their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Evercore ISI reduced their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $172.35.

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.