Twin Focus Capital Partners LLC Acquires New Position in PepsiCo, Inc. (NASDAQ:PEP)

Twin Focus Capital Partners LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,186 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P grew its position in shares of PepsiCo by 14.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,895 shares of the company’s stock worth $321,000 after buying an additional 242 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its stake in PepsiCo by 7.5% during the third quarter. Financial Engines Advisors L.L.C. now owns 5,485 shares of the company’s stock worth $929,000 after purchasing an additional 384 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in PepsiCo during the third quarter worth approximately $18,838,000. Envestnet Asset Management Inc. lifted its stake in PepsiCo by 15.8% during the third quarter. Envestnet Asset Management Inc. now owns 2,625,948 shares of the company’s stock worth $444,941,000 after purchasing an additional 358,931 shares during the last quarter. Finally, Sargent Investment Group LLC lifted its stake in PepsiCo by 6.6% during the third quarter. Sargent Investment Group LLC now owns 8,944 shares of the company’s stock worth $1,515,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock traded up $0.48 during trading hours on Friday, hitting $163.81. The stock had a trading volume of 3,603,340 shares, compared to its average volume of 4,978,118. 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 has a market capitalization of $225.20 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 2.67 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The stock’s fifty day moving average is $173.96 and its two-hundred day moving average is $170.42.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.31%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Jefferies Financial Group boosted their target price on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Barclays reduced their price objective on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Finally, Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Six 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $187.17.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.15% of the company’s stock.

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.