Stonebrook Private Inc. Invests $343,000 in PepsiCo, Inc. (NASDAQ:PEP)

Stonebrook Private Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,022 shares of the company’s stock, valued at approximately $343,000.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of PepsiCo by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after acquiring an additional 920,032 shares during the period. Northern Trust Corp grew its stake in shares of PepsiCo by 3.7% during the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after acquiring an additional 595,357 shares during the period. California Public Employees Retirement System boosted its stake in PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in PepsiCo by 9.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock worth $1,239,629,000 after purchasing an additional 608,321 shares during the period. Finally, Deutsche Bank AG boosted its stake in PepsiCo by 2.1% in the 3rd quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock worth $1,147,922,000 after purchasing an additional 142,243 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Barclays raised their price target on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Trading Down 0.6 %

PEP opened at $175.58 on Monday. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company 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 debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The business’s 50-day simple moving average is $169.40 and its 200-day simple moving average is $167.92.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $1.50 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

About PepsiCo

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.