PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,758 shares of the company's stock after purchasing an additional 5,323 shares during the period. MGO One Seven LLC's holdings in PepsiCo were worth $5,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. boosted its stake in shares of PepsiCo by 5.4% during the 4th quarter. Pinebridge Investments L.P. now owns 634,146 shares of the company's stock worth $96,428,000 after acquiring an additional 32,359 shares in the last quarter. Alta Advisers Ltd increased its stake in shares of PepsiCo by 15.1% during the fourth quarter. Alta Advisers Ltd now owns 4,497 shares of the company's stock worth $684,000 after purchasing an additional 590 shares in the last quarter. Aldebaran Financial Inc. increased its stake in PepsiCo by 10.3% during the 4th quarter. Aldebaran Financial Inc. now owns 1,338 shares of the company's stock worth $203,000 after buying an additional 125 shares in the last quarter. Harvest Investment Services LLC raised its stake in PepsiCo by 28.2% in the 4th quarter. Harvest Investment Services LLC now owns 2,734 shares of the company's stock valued at $416,000 after purchasing an additional 601 shares during the last quarter. Finally, J. Safra Sarasin Holding AG boosted its position in PepsiCo by 1.1% during the fourth quarter. J. Safra Sarasin Holding AG now owns 361,136 shares of the company's stock worth $54,914,000 after acquiring an additional 4,085 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 1.4 %

NASDAQ:PEP traded down $1.93 during mid-day trading on Friday, hitting $133.38. The stock had a trading volume of 11,537,466 shares, compared to its average volume of 6,145,927. 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 twelve month low of $131.80 and a twelve month high of $183.41. The company has a market capitalization of $182.91 billion, a PE ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49. The stock has a 50-day simple moving average of $147.70 and a two-hundred day simple moving average of $153.92.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PEP shares. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $162.00.

PepsiCo 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.