AIA Group Ltd increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 503.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,500 shares of the company's stock after purchasing an additional 17,935 shares during the quarter. AIA Group Ltd's holdings in PepsiCo were worth $3,269,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in PEP. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the third quarter worth about $31,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $33,000. Institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
Shares of PEP stock traded down $0.27 during trading hours on Tuesday, hitting $149.67. 6,071,734 shares of the company's stock were exchanged, compared to its average volume of 5,897,074. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market cap of $205.27 billion, a P/E ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a 50 day moving average of $149.30 and a two-hundred day moving average of $157.52.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.62%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on PEP shares. UBS Group dropped their target price 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. Citigroup cut their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, HSBC dropped their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $169.88.
Read Our Latest Report on PEP
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.
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