PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,038 shares of the company's stock after acquiring an additional 1,781 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in PepsiCo were worth $1,526,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Aviva PLC raised its position in PepsiCo by 6.4% during the fourth quarter. Aviva PLC now owns 1,677,906 shares of the company's stock worth $255,142,000 after acquiring an additional 100,410 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in PepsiCo during the 4th quarter valued at $75,235,000. AllGen Financial Advisors Inc. increased its position in PepsiCo by 2.3% during the fourth quarter. AllGen Financial Advisors Inc. now owns 20,649 shares of the company's stock worth $3,140,000 after buying an additional 457 shares in the last quarter. Prudential PLC raised its holdings in shares of PepsiCo by 333.6% in the fourth quarter. Prudential PLC now owns 14,408 shares of the company's stock worth $2,191,000 after acquiring an additional 11,085 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of PepsiCo by 2.9% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,058 shares of the company's stock valued at $775,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price on the stock. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $169.88.

PepsiCo Stock Performance

Shares of PEP stock traded down $0.35 on Friday, hitting $143.79. 2,640,249 shares of the stock traded hands, compared to its average volume of 6,055,734. The company's fifty day moving average is $148.35 and its 200 day moving average is $155.95. PepsiCo, Inc. has a 1-year low of $138.33 and a 1-year high of $183.41. The company has a market capitalization of $197.18 billion, a PE ratio of 20.68, a PEG ratio of 3.09 and a beta of 0.49. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the firm posted $1.78 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is 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.