Vanguard Group Inc. Acquires 1,376,133 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vanguard Group Inc. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,371,504 shares of the company's stock after purchasing an additional 1,376,133 shares during the period. Vanguard Group Inc. owned about 9.72% of PepsiCo worth $20,280,471,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEP. Collier Financial acquired a new position in PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the third quarter valued at $31,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $34,000. Finally, Human Investing LLC bought a new stake in PepsiCo in the 4th quarter valued at about $39,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.7 %

NASDAQ:PEP traded up $1.03 during trading hours on Thursday, hitting $149.67. 5,396,044 shares of the company's stock traded hands, compared to its average volume of 5,428,992. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market cap of $205.27 billion, a P/E ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52. 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 stock's fifty day moving average price is $149.23 and its two-hundred day moving average price is $158.37.

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

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.62%. PepsiCo's dividend payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. TD Cowen decreased their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Citigroup decreased their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $169.88.

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.