PepsiCo, Inc. (NASDAQ:PEP) Stake Increased by Versant Capital Management Inc

Versant Capital Management Inc boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,323 shares of the company’s stock after buying an additional 797 shares during the period. Versant Capital Management Inc’s holdings in PepsiCo were worth $657,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Founders Financial Securities LLC grew its stake in PepsiCo by 136.9% in the second quarter. Founders Financial Securities LLC now owns 5,990 shares of the company’s stock valued at $988,000 after purchasing an additional 3,462 shares in the last quarter. Larson Financial Group LLC raised its position in PepsiCo by 2.2% during the second quarter. Larson Financial Group LLC now owns 10,553 shares of the company’s stock valued at $1,740,000 after acquiring an additional 226 shares in the last quarter. Stablepoint Partners LLC lifted its stake in PepsiCo by 8.8% in the second quarter. Stablepoint Partners LLC now owns 35,339 shares of the company’s stock valued at $6,121,000 after acquiring an additional 2,847 shares during the last quarter. Mattern Capital Management LLC increased its stake in shares of PepsiCo by 1.1% during the 2nd quarter. Mattern Capital Management LLC now owns 49,461 shares of the company’s stock worth $8,158,000 after purchasing an additional 556 shares during the last quarter. Finally, Arbor Trust Wealth Advisors LLC raised its holdings in shares of PepsiCo by 0.9% during the 2nd quarter. Arbor Trust Wealth Advisors LLC now owns 6,615 shares of the company’s stock valued at $1,091,000 after purchasing an additional 62 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $150.21 on Friday. PepsiCo, Inc. has a 12 month low of $149.71 and a 12 month high of $183.41. The company has a market capitalization of $206.09 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.94 and a beta of 0.52. The stock has a 50 day moving average of $159.95 and a two-hundred day moving average of $167.37. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $2.25 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Ratings Changes

Several equities analysts have commented on PEP shares. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada decreased their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. Finally, Barclays lowered their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $184.31.

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.