Syon Capital LLC Has $2.52 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Syon Capital LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 31.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,840 shares of the company’s stock after buying an additional 3,511 shares during the period. Syon Capital LLC’s holdings in PepsiCo were worth $2,520,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PEP shares. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Barclays increased their target price on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Performance

NASDAQ:PEP traded down $1.10 during mid-day trading on Friday, reaching $175.58. 4,463,977 shares of the company’s stock were exchanged, compared to its average volume of 5,855,188. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The firm has a market capitalization of $241.39 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The business’s fifty day simple moving average is $169.22 and its two-hundred day simple moving average is $167.76. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last released its quarterly 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. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the firm earned $1.50 earnings per share. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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