PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,211 shares of the company's stock after acquiring an additional 1,832 shares during the period. Buckingham Capital Management Inc.'s holdings in PepsiCo were worth $7,635,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PEP. AMF Tjanstepension AB grew its stake in shares of PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company's stock valued at $50,016,000 after buying an additional 40,031 shares during the period. Swedbank AB grew its stake in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after buying an additional 1,592,343 shares during the period. Howard Capital Management Group LLC grew its stake 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 buying an additional 90 shares during the period. Inspire Advisors LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $203,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of PepsiCo by 3.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,970 shares of the company's stock valued at $35,365,000 after buying an additional 6,334 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Up 3.0 %

Shares of PEP traded up $4.40 during midday trading 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. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company's fifty day simple moving average is $148.75 and its two-hundred day simple moving average is $162.39. The company has a market cap of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the business earned $1.78 EPS. The company's revenue was down .2% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.53%. PepsiCo's payout ratio is 77.99%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. TD Cowen lowered 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. BNP Paribas lowered their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. Finally, Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $171.47.

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.