Farther Finance Advisors LLC Acquires 1,923 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Farther Finance Advisors LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,960 shares of the company's stock after acquiring an additional 1,923 shares during the period. Farther Finance Advisors LLC's holdings in PepsiCo were worth $4,404,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of PepsiCo by 1.8% in the third quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock worth $5,170,529,000 after acquiring an additional 543,558 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $2,130,841,000 after purchasing an additional 689,383 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PEP shares. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the stock from $171.00 to $170.00 in a research note on Wednesday. Barclays boosted their price target on PepsiCo from $153.00 to $168.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $170.59.

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PepsiCo Stock Down 2.7 %

PEP opened at $148.17 on Thursday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a market capitalization of $203.22 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The firm has a 50-day simple moving average of $148.82 and a two-hundred day simple moving average of $160.37. 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 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 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 previous year, the firm posted $1.78 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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 given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

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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