Sulzberger Capital Advisors Inc. Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Sulzberger Capital Advisors Inc. bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,850 shares of the company’s stock, valued at approximately $433,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ossiam lifted its stake in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after buying an additional 42,793 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after purchasing an additional 870,451 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after purchasing an additional 4,712 shares during the last quarter. Guinness Asset Management LTD increased its stake in shares of PepsiCo by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock worth $188,031,000 after purchasing an additional 61,541 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in PepsiCo by 147.6% in the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after buying an additional 8,759 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo Trading Up 0.9 %

Shares of NASDAQ PEP opened at $135.58 on Thursday. The business’s 50 day moving average is $146.80 and its two-hundred day moving average is $153.12. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $131.52 and a 1-year high of $183.41. The stock has a market capitalization of $185.92 billion, a P/E ratio of 19.51, a PEG ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Friday, March 7th. PepsiCo’s payout ratio is 79.71%.

PepsiCo 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.