Arrow Capital Pty Ltd Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Arrow Capital Pty Ltd acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, Holdings Channel reports. The firm acquired 30,000 shares of the company’s stock, valued at approximately $4,562,000. PepsiCo makes up 4.2% of Arrow Capital Pty Ltd’s holdings, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its holdings in PepsiCo by 5.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,922,680 shares of the company’s stock worth $292,180,000 after buying an additional 106,461 shares during the last quarter. Ally Financial Inc. raised its holdings in shares of PepsiCo by 173.3% during the fourth quarter. Ally Financial Inc. now owns 82,000 shares of the company’s stock valued at $12,469,000 after purchasing an additional 52,000 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in PepsiCo by 13.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 3,732,919 shares of the company’s stock valued at $567,628,000 after buying an additional 454,715 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at $38,000. Finally, First Commonwealth Financial Corp PA grew its holdings in shares of PepsiCo by 13.9% in the fourth quarter. First Commonwealth Financial Corp PA now owns 6,925 shares of the company’s stock worth $1,053,000 after acquiring an additional 847 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Evercore ISI dropped their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Bank of America reaffirmed a “neutral” rating and set a $155.00 target price (down from $185.00) on shares of PepsiCo in a research note on Tuesday. Finally, BNP Paribas decreased their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $168.12.

PepsiCo Price Performance

Shares of PEP stock opened at $140.09 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market capitalization of $192.11 billion, a P/E ratio of 20.16, a P/E/G ratio of 3.09 and a beta of 0.49. The company’s 50-day simple moving average is $148.25 and its two-hundred day simple moving average is $155.32. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.87%. PepsiCo’s dividend payout ratio is currently 77.99%.

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.