MetLife Investment Management LLC Purchases 4,422 Shares of PepsiCo, Inc. (NASDAQ:PEP)

MetLife Investment Management LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 411,084 shares of the company's stock after buying an additional 4,422 shares during the quarter. MetLife Investment Management LLC's holdings in PepsiCo were worth $62,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tcfg Wealth Management LLC grew its position in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after purchasing an additional 66 shares during the last quarter. Lincoln Capital LLC lifted its position in PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after acquiring an additional 70 shares during the period. Marshall Financial Group LLC increased its holdings in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after purchasing an additional 70 shares during the period. Osprey Private Wealth LLC raised its stake in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. grew its position in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEP. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. HSBC dropped 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. CICC Research restated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $168.12.

PepsiCo Trading Up 2.0 %

Shares of PEP stock opened at $142.84 on Friday. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The firm has a 50-day moving average price of $148.16 and a 200 day moving average price of $154.94. 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 (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business's revenue was down .2% on a year-over-year basis. Research analysts forecast 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. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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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