American Century Companies Inc. Has $351.74 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

American Century Companies Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,313,136 shares of the company's stock after purchasing an additional 40,920 shares during the quarter. American Century Companies Inc. owned approximately 0.17% of PepsiCo worth $351,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at $589,307,000. Charles Schwab Investment Management Inc. lifted its position in PepsiCo by 18.1% during 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. 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 in the last quarter. Franklin Resources Inc. raised its stake in shares of PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares during the last quarter. Finally, Swedbank AB lifted its position in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

PepsiCo Stock Up 2.1 %

Shares of NASDAQ:PEP traded up $3.10 during trading on Wednesday, hitting $148.64. 5,881,682 shares of the company's stock traded hands, compared to its average volume of 5,426,476. 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 50-day moving average price of $149.09 and a 200-day moving average price of $158.50. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a market cap of $203.86 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 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 analyst estimates of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The business's revenue was down .2% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. 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 recently weighed in on PEP shares. Evercore ISI lowered their price target on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. HSBC dropped their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Finally, Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $169.88.

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.