Creative Capital Management Investments LLC Takes $30,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Creative Capital Management Investments LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 199 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in PepsiCo by 2.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,185 shares of the company’s stock valued at $789,000 after buying an additional 141 shares during the period. Cardinal Capital Management increased its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Cardinal Capital Management now owns 31,673 shares of the company’s stock worth $4,858,000 after acquiring an additional 127 shares during the last quarter. Buckingham Capital Management Inc. raised its stake in PepsiCo by 3.8% in the 4th quarter. Buckingham Capital Management Inc. now owns 50,211 shares of the company’s stock valued at $7,635,000 after acquiring an additional 1,832 shares during the period. Hudson Canyon Capital Management boosted its position in PepsiCo by 35.4% during the fourth quarter. Hudson Canyon Capital Management now owns 13,550 shares of the company’s stock worth $2,060,000 after purchasing an additional 3,543 shares during the period. Finally, GAM Holding AG acquired a new position in shares of PepsiCo in the fourth quarter valued at $1,069,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.8 %

Shares of PEP opened at $143.39 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market cap of $196.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. The business’s fifty day moving average is $149.80 and its 200-day moving average is $163.06.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS 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 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 quarter in the prior year, the business earned $1.78 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current fiscal 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 paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. PepsiCo’s payout ratio is presently 77.99%.

Analyst Ratings Changes

Several brokerages recently commented on PEP. 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. JPMorgan Chase & Co. lowered their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Citigroup reduced 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $171.47.

Check Out Our Latest Research Report on PEP

PepsiCo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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