Beck Bode LLC Has $2.39 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Beck Bode LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 62.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,097 shares of the company’s stock after purchasing an additional 5,426 shares during the period. Beck Bode LLC’s holdings in PepsiCo were worth $2,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. LFA Lugano Financial Advisors SA boosted its stake in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Life Planning Partners Inc bought a new position in PepsiCo during the fourth quarter worth $34,000. Naples Money Management LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $39,000. Finally, Avion Wealth boosted its holdings in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.23 during midday trading on Tuesday, hitting $175.91. The stock had a trading volume of 4,465,101 shares, compared to its average volume of 5,806,826. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $241.84 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company’s 50-day moving average price is $169.74 and its 200-day moving average price is $168.16. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

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

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s payout ratio is presently 76.09%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Jefferies Financial Group upped their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Barclays lifted their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Company 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.