Headlands Technologies LLC Purchases 2,383 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Headlands Technologies LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,191 shares of the company’s stock after acquiring an additional 2,383 shares during the period. PepsiCo comprises 1.2% of Headlands Technologies LLC’s investment portfolio, making the stock its 9th biggest position. Headlands Technologies LLC’s holdings in PepsiCo were worth $4,109,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA raised its position in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new stake in PepsiCo in the 4th quarter valued at about $34,000. Naples Money Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $39,000. Finally, Avion Wealth raised its position in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEP. Barclays raised their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Trading Down 0.6 %

NASDAQ:PEP opened at $175.58 on Friday. The firm has a market cap of $241.39 billion, a P/E ratio of 26.40, a PEG ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock’s 50 day simple moving average is $169.40 and its 200-day simple moving average is $167.88. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 76.09%.

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.