Treasurer of the State of North Carolina Purchases 5,020 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Treasurer of the State of North Carolina grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 623,313 shares of the company's stock after acquiring an additional 5,020 shares during the quarter. Treasurer of the State of North Carolina's holdings in PepsiCo were worth $94,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth $28,000. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo during the fourth quarter worth about $33,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.8 %

PepsiCo stock traded up $1.15 during trading hours on Monday, hitting $145.58. 2,056,458 shares of the stock traded hands, compared to its average volume of 6,072,504. 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 one year low of $138.33 and a one year high of $183.41. The company has a market cap of $199.64 billion, a PE ratio of 20.95, a PEG ratio of 3.09 and a beta of 0.49. The firm's 50-day moving average price is $148.37 and its two-hundred day moving average price is $155.68.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

A number of research firms recently commented on PEP. UBS Group lowered their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. 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 note on Wednesday, February 5th. BNP Paribas lowered their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. One equities 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. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $169.88.

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.