SageView Advisory Group LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

SageView Advisory Group LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,799 shares of the company’s stock after acquiring an additional 3,632 shares during the quarter. SageView Advisory Group LLC’s holdings in PepsiCo were worth $3,698,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of PepsiCo during the fourth quarter worth $2,686,139,000. International Assets Investment Management LLC raised its holdings in shares of PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after buying an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System raised its holdings in PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of PepsiCo by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after purchasing an additional 1,345,065 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PEP. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and a consensus price target of $187.17.

Read Our Latest Stock Report on PEP

PepsiCo Trading Up 0.5 %

NASDAQ PEP traded up $0.86 on Friday, reaching $164.19. The company had a trading volume of 1,710,457 shares, compared to its average volume of 5,487,246. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The business has a 50 day moving average of $174.07 and a two-hundred day moving average of $170.42. The firm has a market cap of $225.73 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 2.67 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 81.50%.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

About PepsiCo

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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