Hudson Capital Management LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,187 shares of the company’s stock, valued at approximately $262,000.
Other hedge funds have also added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of PepsiCo during the fourth quarter worth $201,000. Round Table Services LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $201,000. Bouchey Financial Group Ltd acquired a new stake in shares of PepsiCo during the fourth quarter worth $214,000. Oakmont Partners LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $220,000. Finally, KCS Wealth Advisory acquired a new stake in shares of PepsiCo during the fourth quarter worth $239,000. 70.93% of the stock is owned by hedge funds and other institutional investors.
PepsiCo stock opened at $111.64 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03. PepsiCo, Inc. has a 12-month low of $106.19 and a 12-month high of $122.51. The firm has a market cap of $158,518.53, a PE ratio of 33.13, a P/E/G ratio of 2.64 and a beta of 0.69.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The company had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. During the same period last year, the firm earned $1.20 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. research analysts predict that PepsiCo, Inc. will post 5.7 EPS for the current fiscal year.
PepsiCo declared that its board has authorized a share repurchase plan on Tuesday, February 13th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s payout ratio is currently 95.55%.
Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 price objective on shares of PepsiCo in a research report on Friday, December 22nd. BidaskClub cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. TheStreet cut shares of PepsiCo from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. Jefferies Group restated a “hold” rating and issued a $113.00 price target on shares of PepsiCo in a report on Tuesday, February 13th. Finally, SunTrust Banks reduced their price target on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $123.04.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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