CenterBook Partners LP grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 280.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,763 shares of the company's stock after buying an additional 40,363 shares during the quarter. CenterBook Partners LP's holdings in PepsiCo were worth $8,327,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Geode Capital Management LLC increased its holdings in PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after buying an additional 582,254 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Norges Bank bought a new position in PepsiCo in the 4th quarter worth approximately $2,729,565,000. Finally, Bank of New York Mellon Corp increased its holdings in PepsiCo by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock worth $2,130,841,000 after acquiring an additional 689,383 shares during the period. Institutional investors own 73.07% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $169.88.
Check Out Our Latest Analysis on PepsiCo
PepsiCo Stock Performance
PEP traded up $0.29 during trading hours on Friday, hitting $144.43. 8,560,319 shares of the stock were exchanged, compared to its average volume of 6,088,216. The stock has a market cap of $198.06 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The stock has a 50-day simple moving average of $148.37 and a 200-day simple moving average of $155.68. PepsiCo, Inc. has a 12 month low of $138.33 and a 12 month high of $183.41. 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 released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.
PepsiCo Company Profile
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Free Report)
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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