150,000 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Fidelity National Financial Inc.

Fidelity National Financial Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 150,000 shares of the company's stock, valued at approximately $22,809,000. PepsiCo makes up 0.5% of Fidelity National Financial Inc.'s portfolio, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Collier Financial bought a new stake in PepsiCo in the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PEP. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. 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. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Finally, Bank of America reiterated a "neutral" rating and set a $155.00 price objective (down from $185.00) on shares of PepsiCo in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $167.24.

PepsiCo Stock Performance

Shares of PEP stock traded down $2.38 during midday trading on Wednesday, hitting $141.08. 3,285,424 shares of the company were exchanged, compared to its average volume of 6,102,310. The firm's 50 day moving average price is $148.10 and its two-hundred day moving average price is $154.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $193.46 billion, a P/E ratio of 20.30, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52 week low of $138.33 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same period last year, the firm posted $1.78 EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is 77.99%.

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.