PepsiCo, Inc. $PEP Shares Purchased by Caxton Associates LLP

Caxton Associates LLP boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 738.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,020 shares of the company’s stock after acquiring an additional 12,347 shares during the quarter. Caxton Associates LLP’s holdings in PepsiCo were worth $1,851,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the first quarter worth $25,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo during the 2nd quarter worth about $29,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. Finally, Binnacle Investments Inc boosted its position in PepsiCo by 33.2% during the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.1%

Shares of NASDAQ PEP opened at $150.65 on Monday. The stock has a market cap of $205.99 billion, a PE ratio of 28.64, a P/E/G ratio of 5.20 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a 50-day moving average of $147.30 and a 200 day moving average of $142.37.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, December 5th. PepsiCo’s dividend payout ratio is presently 108.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays upped their target price on PepsiCo from $142.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 10th. Evercore ISI upped their price objective on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.35.

About PepsiCo

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.