Madison Investment Advisors LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Madison Investment Advisors LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 182,097 shares of the company's stock, valued at approximately $27,690,000.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC boosted its position in shares of PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock valued at $16,968,000 after acquiring an additional 8,406 shares during the period. Assenagon Asset Management S.A. raised 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 raised 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. Janus Henderson Group PLC raised its stake in PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after purchasing an additional 34,633 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in PepsiCo by 19.3% in the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after purchasing an additional 5,220 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $148.17 on Thursday. The stock has a market capitalization of $203.22 billion, a PE ratio of 21.32, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The business's 50 day simple moving average is $148.82 and its 200 day simple moving average is $160.37. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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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. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company 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 $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

PEP has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Barclays boosted their target price on PepsiCo from $153.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average target price of $170.59.

About PepsiCo

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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