Mirabella Financial Services LLP Buys New Shares in PepsiCo, Inc. (NASDAQ:PEP)

by · The Markets Daily

Mirabella Financial Services LLP purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,159 shares of the company’s stock, valued at approximately $3,063,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after acquiring an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after purchasing an additional 4,712 shares during the period. Ossiam lifted its stake in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after purchasing an additional 42,793 shares during the last quarter. Guinness Asset Management LTD grew its holdings in PepsiCo by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock worth $188,031,000 after purchasing an additional 61,541 shares during the period. Finally, WCM Investment Management LLC raised its stake in PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after buying an additional 8,759 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 2.0 %

Shares of PEP stock opened at $142.84 on Friday. PepsiCo, Inc. has a fifty-two week low of $138.33 and a fifty-two week high of $183.41. The stock’s fifty day moving average price is $148.16 and its two-hundred day moving average price is $154.84. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $195.88 billion, a PE ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PEP. Bank of America reiterated a “neutral” rating and set a $155.00 target price (down from $185.00) on shares of PepsiCo in a research note on Tuesday, April 15th. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Morgan Stanley cut their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Citigroup decreased their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $168.12.

View Our Latest Report on PepsiCo

About PepsiCo

(Free Report)

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.

Further Reading

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