Runnymede Capital Advisors Inc. Buys Shares of 264 PepsiCo, Inc. (NASDAQ:PEP)

Runnymede Capital Advisors Inc. bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 264 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors also recently bought and sold shares of PEP. Mizuho Securities USA LLC increased its stake in shares of PepsiCo by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 130,033 shares of the company’s stock worth $19,773,000 after purchasing an additional 40,964 shares during the period. Quantbot Technologies LP bought a new position in shares of PepsiCo in the fourth quarter worth about $555,000. Virtu Financial LLC increased its stake in shares of PepsiCo by 272.9% in the fourth quarter. Virtu Financial LLC now owns 35,323 shares of the company’s stock worth $5,371,000 after purchasing an additional 25,851 shares during the period. Sciencast Management LP increased its stake in shares of PepsiCo by 22.9% in the fourth quarter. Sciencast Management LP now owns 20,053 shares of the company’s stock worth $3,049,000 after purchasing an additional 3,736 shares during the period. Finally, Millstone Evans Group LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $819,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 1.2 %

Shares of PEP opened at $145.45 on Friday. The company has a market capitalization of $199.48 billion, a P/E ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The business’s 50 day simple moving average is $149.04 and its 200-day simple moving average is $159.09.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $169.88.

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.