New York State Common Retirement Fund grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,862,181 shares of the company's stock after buying an additional 14,602 shares during the period. New York State Common Retirement Fund owned 0.14% of PepsiCo worth $283,163,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter worth $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the third quarter worth $31,000. Rakuten Securities Inc. grew its stake in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $30,000. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Stock Up 3.0 %
PEP traded up $4.40 on Friday, hitting $153.50. 10,586,982 shares of the company were exchanged, compared to its average volume of 6,999,466. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market cap of $210.53 billion, a PE ratio of 22.09, a PEG ratio of 3.02 and a beta of 0.54. 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 is $148.75 and its 200-day moving average is $162.39.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for 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 was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is 77.99%.
Wall Street Analysts Forecast Growth
PEP has been the subject of a number of analyst reports. Barclays decreased their price objective on PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and an average price target of $171.47.
Read Our Latest Report on PepsiCo
PepsiCo Company Profile
(
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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