Cognios Beta Neutral Large Cap Fund LP Has $568,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Cognios Beta Neutral Large Cap Fund LP decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 24.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,346 shares of the company’s stock after selling 1,078 shares during the period. Cognios Beta Neutral Large Cap Fund LP’s holdings in PepsiCo were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. LFA Lugano Financial Advisors SA lifted its position in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new stake in PepsiCo during the 4th quarter worth about $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $39,000. Finally, Avion Wealth raised its stake in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 3.6 %

Shares of PEP traded up $6.19 during trading hours on Wednesday, reaching $177.41. 10,011,958 shares of the stock traded hands, compared to its average volume of 5,852,656. The company has a market cap of $243.85 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.77 and a beta of 0.53. The stock has a fifty day simple moving average of $168.84 and a 200 day simple moving average of $167.63. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last announced its quarterly 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 firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEP. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Barclays boosted their target price on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $187.33.

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.