Vision Financial Markets LLC Buys New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Vision Financial Markets LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 545 shares of the company’s stock, valued at approximately $83,000.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after acquiring an additional 2,775,679 shares during the period. Geode Capital Management LLC increased its position in shares of PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company’s stock valued at $5,170,529,000 after purchasing an additional 543,558 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of PepsiCo by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company’s stock worth $2,130,841,000 after buying an additional 689,383 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after buying an additional 2,264,445 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock opened at $153.88 on Thursday. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $211.05 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 3.09 and a beta of 0.52. The stock’s fifty day simple moving average is $148.73 and its 200-day simple moving average is $161.14.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.52%. PepsiCo’s dividend payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PEP shares. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Wells Fargo & Company dropped their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $171.47.

About PepsiCo

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.