Tidal Investments LLC Has $15.40 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Tidal Investments LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,266 shares of the company’s stock after buying an additional 25,547 shares during the quarter. Tidal Investments LLC’s holdings in PepsiCo were worth $15,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ossiam grew its position in shares of 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 purchasing an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after buying an additional 13,461 shares during the period. Hutner Capital Management Inc. boosted its stake in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock valued at $8,178,000 after buying an additional 6,865 shares during the period. Guinness Asset Management LTD boosted its stake in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock valued at $188,031,000 after buying an additional 61,541 shares during the period. Finally, WCM Investment Management LLC boosted its stake in shares of PepsiCo by 147.6% in the fourth 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 period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of several recent research reports. HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada restated a “sector perform” rating and set a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Morgan Stanley cut their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Up 0.4%

Shares of PEP opened at $131.98 on Monday. PepsiCo, Inc. has a 52 week low of $127.87 and a 52 week high of $182.13. The stock has a market capitalization of $180.96 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a fifty day moving average of $141.38 and a 200-day moving average of $149.42.

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

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.31%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is presently 83.68%.

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.