3,090 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,090 shares of the company's stock, valued at approximately $470,000.

A number of other large investors have also bought and sold shares of PEP. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the last quarter. State Street Corp lifted its position in PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after acquiring an additional 2,775,679 shares in the last quarter. Geode Capital Management LLC boosted its stake in PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock valued at $5,170,529,000 after purchasing an additional 543,558 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 18.1% in the fourth 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. Finally, Bank of New York Mellon Corp grew its holdings in PepsiCo by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock worth $2,130,841,000 after buying an additional 689,383 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.40 during mid-day trading on Friday, hitting $149.27. The company had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The stock's 50-day moving average price is $149.25 and its 200-day moving average price is $158.03.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the prior year, the business posted $1.78 earnings per share. The company's revenue was down .2% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. Finally, Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $169.88.

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.