PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Evolution Advisers Inc.

Evolution Advisers Inc. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 58.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 542 shares of the company’s stock after buying an additional 200 shares during the quarter. Evolution Advisers Inc.’s holdings in PepsiCo were worth $94,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Amplius Wealth Advisors LLC raised its holdings in PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the last quarter. Darwin Wealth Management LLC raised its holdings in PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after purchasing an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in PepsiCo by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. Beacon Financial Advisory LLC raised its holdings in PepsiCo by 3.1% during the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after purchasing an additional 65 shares during the last quarter. Finally, Pathway Financial Advisors LLC raised its holdings in PepsiCo by 4.5% during the third quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock worth $255,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4 %

Shares of NASDAQ:PEP traded down $0.73 during trading on Thursday, reaching $176.68. 7,436,495 shares of the company traded hands, compared to its average volume of 5,872,530. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm has a market cap of $242.85 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53. The firm has a fifty day simple moving average of $169.22 and a 200 day simple moving average of $167.76.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.86%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PEP. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

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.