PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 92.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,174 shares of the company's stock after purchasing an additional 3,439 shares during the quarter. Arcadia Investment Management Corp MI's holdings in PepsiCo were worth $1,091,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PEP. State Street Corp grew its holdings 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 buying an additional 2,775,679 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 543,558 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock worth $3,632,413,000 after purchasing an additional 1,125,059 shares during the last quarter. Franklin Resources Inc. raised its stake in PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in PepsiCo by 2.7% in the 3rd quarter. Wellington Management Group LLP now owns 12,098,551 shares of the company's stock valued at $2,057,359,000 after purchasing an additional 313,468 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent analyst reports. HSBC cut their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target for the company. Evercore ISI reduced their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $171.47.

PepsiCo Stock Up 3.0 %

Shares of NASDAQ:PEP traded up $4.40 during trading hours on Friday, reaching $153.50. The stock had a trading volume of 10,586,982 shares, compared to its average volume of 6,999,466. The stock has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 3.02 and a beta of 0.54. The firm's 50 day moving average is $148.75 and its 200-day moving average is $162.39. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 EPS. Research analysts predict that PepsiCo, Inc. will post 8.31 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business 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. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.53%. PepsiCo's dividend payout ratio is currently 77.99%.

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.