Capital Research Global Investors lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 10.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,432,304 shares of the company’s stock after selling 616,311 shares during the period. Capital Research Global Investors’ holdings in PepsiCo were worth $779,647,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Tacita Capital Inc lifted its stake in PepsiCo by 7.4% during the 4th quarter. Tacita Capital Inc now owns 2,420 shares of the company’s stock valued at $347,000 after acquiring an additional 167 shares during the period. Los Angeles Capital Management LLC lifted its stake in PepsiCo by 125.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 282,934 shares of the company’s stock valued at $41,747,000 after acquiring an additional 157,280 shares during the period. Valtrion Capital Management LLC lifted its stake in shares of PepsiCo by 12.2% in the 4th quarter. Valtrion Capital Management LLC now owns 2,326 shares of the company’s stock worth $334,000 after purchasing an additional 253 shares during the period. Longfellow Investment Management Co. LLC lifted its stake in shares of PepsiCo by 18.6% in the 4th quarter. Longfellow Investment Management Co. LLC now owns 7,563 shares of the company’s stock worth $1,085,000 after purchasing an additional 1,188 shares during the period. Finally, Havemeyer Place LP bought a new position in shares of PepsiCo in the 4th quarter worth approximately $1,235,000. Institutional investors own 73.07% of the company’s stock.
Analyst Ratings Changes
PEP has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Evercore increased their price objective on shares of PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. BNP Paribas Exane increased their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, TD Cowen increased their price objective on shares of PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $169.58.
PepsiCo Price Performance
NASDAQ PEP opened at $141.92 on Monday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The stock has a market cap of $193.97 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.57 and a beta of 0.35. The company’s 50 day moving average is $152.21 and its two-hundred day moving average is $152.54. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter last year, the business earned $1.48 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current year.
PepsiCo Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is 92.94%.
PepsiCo Company Profile
PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.
Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.
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