Pinebridge Investments L.P. Acquires 32,359 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pinebridge Investments L.P. raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 634,146 shares of the company's stock after purchasing an additional 32,359 shares during the period. PepsiCo makes up about 0.7% of Pinebridge Investments L.P.'s investment portfolio, making the stock its 20th biggest holding. Pinebridge Investments L.P.'s holdings in PepsiCo were worth $96,428,000 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. Alta Advisers Ltd lifted its holdings in shares of PepsiCo by 15.1% in the fourth quarter. Alta Advisers Ltd now owns 4,497 shares of the company's stock valued at $684,000 after purchasing an additional 590 shares in the last quarter. Aldebaran Financial Inc. raised its holdings in shares of PepsiCo by 10.3% in the fourth quarter. Aldebaran Financial Inc. now owns 1,338 shares of the company's stock valued at $203,000 after purchasing an additional 125 shares during the last quarter. Harvest Investment Services LLC lifted its position in shares of PepsiCo by 28.2% in the fourth quarter. Harvest Investment Services LLC now owns 2,734 shares of the company's stock worth $416,000 after purchasing an additional 601 shares in the last quarter. J. Safra Sarasin Holding AG grew its position in PepsiCo by 1.1% in the fourth quarter. J. Safra Sarasin Holding AG now owns 361,136 shares of the company's stock valued at $54,914,000 after purchasing an additional 4,085 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in PepsiCo by 8.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 58,963 shares of the company's stock valued at $8,966,000 after buying an additional 4,452 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 1.4 %

NASDAQ PEP traded down $1.93 on Friday, hitting $133.38. The company's stock had a trading volume of 11,537,466 shares, compared to its average volume of 6,145,927. The company's 50-day moving average is $147.70 and its 200 day moving average is $153.92. The firm has a market cap of $182.91 billion, a PE ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1-year low of $131.80 and a 1-year high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.04). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 4.06%. PepsiCo's payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEP. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday. BNP Paribas dropped their price target 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, Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $162.00.

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.