Integrated Wealth Concepts LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,130 shares of the company's stock after buying an additional 2,405 shares during the quarter. Integrated Wealth Concepts LLC's holdings in PepsiCo were worth $11,728,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Ossiam grew its position in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares during the period. Assenagon Asset Management S.A. increased its stake in 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 purchasing an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in 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 purchasing an additional 4,712 shares in the last quarter. Guinness Asset Management LTD boosted its position in shares of PepsiCo by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock worth $188,031,000 after purchasing an additional 61,541 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in shares of PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after purchasing an additional 8,759 shares in the last quarter. Institutional investors own 73.07% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on PEP shares. Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average target price of $162.00.
Get Our Latest Research Report on PepsiCo
PepsiCo Stock Performance
PEP stock traded down $1.93 during midday trading on Friday, hitting $133.38. The company's stock had a trading volume of 11,537,466 shares, compared to its average volume of 6,152,649. The stock has a market cap of $182.91 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock's 50-day moving average price is $147.70 and its 200 day moving average price is $153.79. PepsiCo, Inc. has a 1 year low of $131.80 and a 1 year high of $183.41.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. PepsiCo's dividend payout ratio (DPR) is presently 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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