VELA Investment Management LLC Acquires 380 Shares of PepsiCo, Inc. (NASDAQ:PEP)

VELA Investment Management LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,506 shares of the company’s stock after purchasing an additional 380 shares during the quarter. VELA Investment Management LLC’s holdings in PepsiCo were worth $1,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of PepsiCo by 34.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after acquiring an additional 286,169 shares in the last quarter. AMI Investment Management Inc. boosted its holdings in shares of PepsiCo by 0.7% in the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock worth $2,783,000 after buying an additional 113 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of PepsiCo by 29.3% in the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after buying an additional 1,262 shares during the last quarter. Wsfs Capital Management LLC boosted its holdings in shares of PepsiCo by 117.2% in the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after buying an additional 1,616 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its holdings in shares of PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock worth $4,504,000 after buying an additional 2,116 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $1.15 on Monday, reaching $166.95. The stock had a trading volume of 5,128,985 shares, compared to its average volume of 5,764,750. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a market cap of $229.47 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The business’s 50 day moving average is $168.78 and its two-hundred day moving average is $167.40.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PEP. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Barclays upped their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.