Stevens Capital Management LP Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Stevens Capital Management LP increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 103.8% during the 4th quarter, Holdings Channel reports. The firm owned 21,945 shares of the company’s stock after buying an additional 11,178 shares during the period. PepsiCo makes up approximately 0.9% of Stevens Capital Management LP’s investment portfolio, making the stock its 18th biggest position. Stevens Capital Management LP’s holdings in PepsiCo were worth $3,727,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PEP. International Assets Investment Management LLC grew its position in shares of PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after acquiring an additional 3,026,611 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of PepsiCo during the 3rd quarter valued at about $329,179,000. Flossbach Von Storch AG boosted its holdings in shares of PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after purchasing an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System raised its position in shares of PepsiCo by 17.9% during the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after buying an additional 1,470,064 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of PepsiCo by 68.0% during the 4th quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock valued at $496,382,000 after buying an additional 1,183,371 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PEP shares. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Price Performance

PEP traded down $1.10 on Friday, reaching $175.58. 4,463,959 shares of the company’s stock were exchanged, compared to its average volume of 5,855,207. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock’s fifty day moving average price is $169.22 and its 200-day moving average price is $167.76. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock has a market cap of $241.39 billion, a PE ratio of 26.52, a P/E/G ratio of 2.80 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

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