GKV Capital Management Co. Inc. Invests $38,000 in PepsiCo, Inc. (NASDAQ:PEP)

GKV Capital Management Co. Inc. bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, HoldingsChannel reports. The fund bought 249 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC grew its position in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after buying an additional 90 shares during the last quarter. Morse Asset Management Inc acquired a new position in PepsiCo during the 3rd quarter worth approximately $996,000. Invst LLC lifted its holdings in shares of PepsiCo by 4.6% in the 3rd quarter. Invst LLC now owns 3,003 shares of the company’s stock valued at $511,000 after buying an additional 133 shares during the period. Virtu Financial LLC acquired a new position in PepsiCo during the third quarter worth $1,611,000. Finally, Te Ahumairangi Investment Management Ltd raised its position in PepsiCo by 3.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company’s stock worth $2,811,000 after acquiring an additional 550 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 2.0 %

Shares of NASDAQ PEP opened at $142.84 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $195.88 billion, a PE ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49. The firm has a fifty day moving average of $148.22 and a 200-day moving average of $155.14. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. 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. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $168.12.

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.