Bay Capital Advisors LLC Buys New Shares in PepsiCo, Inc. (NASDAQ:PEP)

Bay Capital Advisors LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, Holdings Channel reports. The fund purchased 3,827 shares of the company’s stock, valued at approximately $582,000.

Several other hedge funds also recently modified their holdings of PEP. Collier Financial acquired a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $34,000. Finally, Human Investing LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.7 %

Shares of PEP opened at $146.45 on Tuesday. The firm has a 50 day simple moving average of $149.08 and a two-hundred day simple moving average of $158.73. The company has a market cap of $200.86 billion, a P/E ratio of 21.07, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. 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 (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $169.88.

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.