5,496 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,496 shares of the company's stock, valued at approximately $836,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Howard Capital Management Group LLC boosted its position in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after purchasing an additional 90 shares during the period. Loomis Sayles & Co. L P raised its position in PepsiCo by 7.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company's stock valued at $334,000 after purchasing an additional 130 shares during the last quarter. FMR LLC raised its holdings in shares of PepsiCo by 4.4% in the third quarter. FMR LLC now owns 6,724,464 shares of the company's stock valued at $1,143,495,000 after buying an additional 281,318 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PepsiCo by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,680 shares of the company's stock worth $97,044,000 after buying an additional 11,226 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in shares of PepsiCo by 30.7% in the third quarter. Public Sector Pension Investment Board now owns 69,036 shares of the company's stock valued at $11,740,000 after purchasing an additional 16,200 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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PepsiCo Price Performance

PEP stock traded up $2.17 during trading on Monday, hitting $151.44. The stock had a trading volume of 2,451,555 shares, compared to its average volume of 5,863,132. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market cap of $207.70 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company's 50 day moving average price is $149.25 and its two-hundred day moving average price is $157.91. 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 issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.58%. PepsiCo's dividend payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Morgan Stanley dropped their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Citigroup dropped their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $169.88.

PepsiCo 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.