PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,371,504 shares of the company’s stock after purchasing an additional 1,376,133 shares during the period. Vanguard Group Inc. owned 9.72% of PepsiCo worth $20,280,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Collier Financial acquired a new position in PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter valued at about $31,000. Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the 4th quarter valued at about $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the 4th quarter valued at about $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP opened at $145.45 on Friday. The company’s 50 day moving average price is $149.04 and its 200 day moving average price is $159.09. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a market capitalization of $199.48 billion, a PE 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 quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 is Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.