GAMMA Investing LLC Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

GAMMA Investing LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,645 shares of the company’s stock, valued at approximately $1,963,000. PepsiCo accounts for 0.5% of GAMMA Investing LLC’s portfolio, making the stock its 27th biggest holding.

Several other hedge funds also recently modified their holdings of PEP. Amplius Wealth Advisors LLC lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC lifted its position in shares of PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares during the period. Sugarloaf Wealth Management LLC lifted its position in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after acquiring an additional 61 shares during the period. Cassia Capital Partners LLC lifted its position in shares of PepsiCo by 1.5% during the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after acquiring an additional 63 shares during the period. Finally, Beacon Financial Advisory LLC lifted its position in shares of PepsiCo by 3.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after acquiring an additional 65 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 3.0 %

Shares of PepsiCo stock traded down $5.24 on Tuesday, hitting $171.22. The company had a trading volume of 9,134,290 shares, compared to its average volume of 5,799,144. The stock has a market capitalization of $235.34 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.73 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The stock has a 50 day moving average of $168.80 and a 200-day moving average of $167.55. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. Barclays boosted their price target on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.