LPL Financial LLC Has $303.65 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

LPL Financial LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,996,931 shares of the company's stock after buying an additional 152,594 shares during the quarter. LPL Financial LLC owned about 0.15% of PepsiCo worth $303,653,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after acquiring an additional 2,775,679 shares during the period. Geode Capital Management LLC increased its position in shares of PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock worth $5,170,529,000 after purchasing an additional 543,558 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 18.1% during 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 buying 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 worth $2,130,841,000 after acquiring an additional 689,383 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in PepsiCo by 21.1% during the 3rd 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 in the last quarter. 73.07% of the stock is owned by institutional investors.

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PepsiCo Stock Up 0.6 %

Shares of PepsiCo stock traded up $0.87 on Thursday, hitting $149.51. The company had a trading volume of 1,826,648 shares, compared to its average volume of 5,413,048. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a 50-day moving average of $149.16 and a 200-day moving average of $158.43. The firm has a market capitalization of $205.06 billion, a P/E ratio of 21.53, a P/E/G ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

PEP has been the subject of a number of research reports. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective on the stock. Finally, UBS Group cut their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target 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.