Invesco Ltd. Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Invesco Ltd. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,836,264 shares of the company's stock after acquiring an additional 130,913 shares during the period. Invesco Ltd. owned approximately 0.79% of PepsiCo worth $1,647,762,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Tcfg Wealth Management LLC grew its position in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after purchasing an additional 66 shares during the last quarter. Lincoln Capital LLC increased its stake in shares of PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after buying an additional 70 shares in the last quarter. Marshall Financial Group LLC grew its stake in shares of PepsiCo by 2.3% during 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 last quarter. Osprey Private Wealth LLC lifted 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 valued at $2,290,000 after acquiring an additional 70 shares during the period. Finally, TAGStone Capital Inc. raised its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after acquiring an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $169.88.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $0.45 during mid-day trading on Thursday, hitting $145.14. 4,442,825 shares of the stock were exchanged, compared to its average volume of 6,037,651. The company has a 50-day simple moving average of $148.47 and a 200 day simple moving average of $156.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $199.04 billion, a P/E ratio of 20.83, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 12 month low of $138.33 and a 12 month high of $183.41.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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.