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

Pinebridge Investments L.P. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 634,146 shares of the company's stock after acquiring an additional 32,359 shares during the quarter. PepsiCo accounts for approximately 0.7% of Pinebridge Investments L.P.'s holdings, making the stock its 20th largest position. Pinebridge Investments L.P.'s holdings in PepsiCo were worth $96,428,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Alta Advisers Ltd boosted its holdings in PepsiCo by 15.1% in the fourth quarter. Alta Advisers Ltd now owns 4,497 shares of the company's stock worth $684,000 after purchasing an additional 590 shares during the last quarter. Aldebaran Financial Inc. boosted its stake in shares of PepsiCo by 10.3% in the 4th quarter. Aldebaran Financial Inc. now owns 1,338 shares of the company's stock worth $203,000 after buying an additional 125 shares during the last quarter. Harvest Investment Services LLC grew its holdings 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 acquiring an additional 601 shares during the period. J. Safra Sarasin Holding AG increased its position in PepsiCo by 1.1% during the fourth quarter. J. Safra Sarasin Holding AG now owns 361,136 shares of the company's stock valued at $54,914,000 after acquiring an additional 4,085 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in PepsiCo by 8.2% in the fourth quarter. OneDigital Investment Advisors LLC now owns 58,963 shares of the company's stock worth $8,966,000 after purchasing an additional 4,452 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PEP shares. 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 note on Tuesday, February 4th. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their price objective 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. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday. Finally, TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $162.00.

PepsiCo Trading Down 1.4 %

PEP stock traded down $1.93 during mid-day trading on Friday, reaching $133.38. The company had a trading volume of 11,537,466 shares, compared to its average volume of 6,151,085. The company has a market capitalization of $182.91 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The firm has a 50 day moving average of $147.91 and a 200 day moving average of $154.18. PepsiCo, Inc. has a 12 month low of $131.83 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.06%. PepsiCo's dividend payout ratio is currently 77.99%.

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.