NEOS Investment Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,123 shares of the company's stock after buying an additional 20,801 shares during the quarter. PepsiCo makes up approximately 0.6% of NEOS Investment Management LLC's investment portfolio, making the stock its 26th largest position. NEOS Investment Management LLC's holdings in PepsiCo were worth $24,652,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in PepsiCo in the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares in the last quarter. State Street Corp lifted its stake in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of PepsiCo by 21.1% in 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. Finally, Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Stock Performance
Shares of NASDAQ PEP traded down $0.40 during mid-day trading on Friday, reaching $149.27. 8,549,260 shares of the company's stock were exchanged, compared to its average volume of 5,875,691. The firm has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a 50-day moving average price of $149.25 and a two-hundred day moving average price of $158.03.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its 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 business had revenue of $27.78 billion during 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 business's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted $1.78 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.
Wall Street Analyst Weigh In
PEP has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective on the stock. Morgan Stanley dropped their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $169.88.
View Our Latest Stock Analysis on PEP
PepsiCo Profile
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Free Report)
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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