PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Delta Asset Management LLC TN

Delta Asset Management LLC TN grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,093 shares of the company’s stock after purchasing an additional 119 shares during the period. Delta Asset Management LLC TN’s holdings in PepsiCo were worth $1,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Collier Financial bought a new stake in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on PEP shares. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Up 2.1 %

PEP stock opened at $148.64 on Thursday. The company’s 50 day simple moving average is $149.16 and its 200-day simple moving average is $158.43. 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 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $203.86 billion, a P/E ratio of 21.39, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during 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 company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio is 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.