Public Employees Retirement Association of Colorado Has $27.52 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Public Employees Retirement Association of Colorado reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,951 shares of the company's stock after selling 9,429 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in PepsiCo were worth $27,515,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PEP. Norges Bank acquired a new position in PepsiCo during the 4th quarter valued at $2,729,565,000. Raymond James Financial Inc. bought a new stake in PepsiCo in the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. Franklin Resources Inc. increased its holdings in PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the period. Finally, Vanguard Group Inc. increased its holdings in PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PEP shares. Morgan Stanley lowered their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday. Citigroup lowered their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. TD Cowen lowered their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group lowered their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday. One 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 MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Trading Up 0.3 %

PepsiCo stock traded up $0.38 during trading hours on Monday, reaching $133.76. 8,489,501 shares of the company's stock traded hands, compared to its average volume of 6,162,030. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a fifty-two week low of $131.80 and a fifty-two week high of $183.41. The firm has a market capitalization of $183.43 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 3.09 and a beta of 0.49. The firm's 50 day moving average is $147.46 and its 200-day moving average is $153.37.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is presently 79.71%.

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.