Romano Brothers AND Company grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 72.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,096 shares of the company's stock after purchasing an additional 15,115 shares during the period. Romano Brothers AND Company's holdings in PepsiCo were worth $5,489,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock valued at $5,170,529,000 after buying an additional 543,558 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock worth $3,632,413,000 after purchasing an additional 1,125,059 shares during the period. Legal & General Group Plc lifted its position in PepsiCo by 7.2% during the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company's stock valued at $2,234,400,000 after buying an additional 905,468 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Trading Up 1.2 %
Shares of PEP stock traded up $1.71 during trading hours on Friday, reaching $148.25. 7,213,692 shares of the stock traded hands, compared to its average volume of 5,895,834. The business has a fifty day moving average price of $155.37 and a 200 day moving average price of $165.86. The firm has a market capitalization of $203.40 billion, a PE ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. PepsiCo's payout ratio is presently 79.94%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on PEP shares. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays dropped their price target on PepsiCo from $183.00 to $158.00 and set an "overweight" rating on the stock in a research report on Friday. StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Hsbc Global Res raised shares of PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a "hold" rating to a "buy" rating and lifted their price objective for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $178.60.
View Our Latest Analysis on PEP
PepsiCo 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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