4,308 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in PepsiCo, Inc. (NASDAQ:PEPFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,308 shares of the company’s stock, valued at approximately $732,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $2,686,139,000. International Assets Investment Management LLC raised its stake in shares of PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after purchasing an additional 3,026,611 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of PepsiCo during the third quarter valued at approximately $329,179,000. Flossbach Von Storch AG raised its stake in shares of PepsiCo by 121.4% during the fourth 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 period. Finally, California Public Employees Retirement System grew 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 buying an additional 1,470,064 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.36 during midday trading on Wednesday, reaching $180.72. 979,442 shares of the company traded hands, compared to its average volume of 5,471,171. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The stock has a 50-day moving average price of $173.68 and a 200 day moving average price of $169.91. 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 company has a market cap of $248.45 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.94 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating 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 analysts’ expectations of $18.08 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.17 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, June 7th. PepsiCo’s payout ratio is currently 76.09%.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent analyst reports. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Finally, Jefferies Financial Group lifted their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.58.

View Our Latest Research Report on PEP

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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