Sanders Capital LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Sanders Capital LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,138,847 shares of the company's stock after buying an additional 67,176 shares during the period. PepsiCo accounts for about 1.1% of Sanders Capital LLC's portfolio, making the stock its 25th largest holding. Sanders Capital LLC owned 0.37% of PepsiCo worth $781,413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bragg Financial Advisors Inc grew its position in shares of PepsiCo by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 61,790 shares of the company's stock valued at $9,396,000 after purchasing an additional 208 shares in the last quarter. BTG Pactual Asset Management US LLC boosted its position in shares of PepsiCo by 13.8% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 8,266 shares of the company's stock valued at $1,257,000 after acquiring an additional 1,000 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $1,514,000. Optimize Financial Inc acquired a new stake in shares of PepsiCo during the 4th quarter worth about $408,000. Finally, Townsquare Capital LLC lifted its position in PepsiCo by 6.0% in the fourth quarter. Townsquare Capital LLC now owns 93,540 shares of the company's stock valued at $14,224,000 after buying an additional 5,280 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

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PepsiCo Stock Performance

NASDAQ:PEP traded down $3.91 during mid-day trading on Tuesday, reaching $142.84. 5,455,357 shares of the stock were exchanged, compared to its average volume of 6,086,751. The company has a 50 day simple moving average of $148.34 and a 200-day simple moving average of $155.43. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The stock has a market capitalization of $195.88 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49. 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 Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PEP shares. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Bank of America restated a "neutral" rating and issued a $155.00 price objective (down previously from $185.00) on shares of PepsiCo in a report on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $168.12.

PepsiCo Company 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.