95,640 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Coleford Investment Management Ltd.

Coleford Investment Management Ltd. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 95,640 shares of the company’s stock, valued at approximately $14,673,000. PepsiCo makes up approximately 3.9% of Coleford Investment Management Ltd.’s holdings, making the stock its 13th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley lowered their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Bank of America reiterated a “neutral” rating and issued a $155.00 target price (down previously from $185.00) on shares of PepsiCo in a research report on Tuesday. HSBC lowered their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $168.12.

PepsiCo Stock Down 1.9 %

PEP stock opened at $140.09 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a 50-day moving average of $148.25 and a two-hundred day moving average of $155.32. The stock has a market capitalization of $192.11 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the business posted $1.78 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.87%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

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.