Alta Capital Management LLC Acquires 2,122 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Alta Capital Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,517 shares of the company’s stock after purchasing an additional 2,122 shares during the period. Alta Capital Management LLC’s holdings in PepsiCo were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PEP. 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.

Analysts Set New Price Targets

A number of brokerages have recently commented on PEP. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Citigroup decreased their price objective 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. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

PEP stock opened at $155.99 on Tuesday. 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 12 month low of $141.51 and a 12 month high of $183.41. The firm has a market cap of $213.94 billion, a P/E ratio of 22.44, a P/E/G ratio of 3.09 and a beta of 0.54. The company’s 50-day moving average price is $148.68 and its two-hundred day moving average price is $161.33.

PepsiCo (NASDAQ:PEP) last released 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the firm earned $1.78 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 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.