California State Teachers Retirement System Has $335.67 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

California State Teachers Retirement System decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,207,465 shares of the company's stock after selling 58,431 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of PepsiCo worth $335,667,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ossiam raised its stake in shares of PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the period. Assenagon Asset Management S.A. increased its position in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after acquiring an additional 870,451 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares during the last quarter. Guinness Asset Management LTD increased its position in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after acquiring an additional 61,541 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in shares of PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after acquiring an additional 8,759 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock opened at $133.38 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $131.80 and a twelve month high of $183.41. The company has a market cap of $182.91 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.09 and a beta of 0.49. The business has a fifty day simple moving average of $147.70 and a 200 day simple moving average of $153.66.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.04). The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.06%. PepsiCo's dividend payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PEP shares. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $162.00.

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.

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