PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,540 shares of the company's stock after acquiring an additional 5,280 shares during the quarter. Townsquare Capital LLC's holdings in PepsiCo were worth $14,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC raised its position in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after buying an additional 582,254 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. Norges Bank bought a new stake in PepsiCo in the 4th quarter worth approximately $2,729,565,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PepsiCo by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock valued at $2,130,841,000 after buying an additional 689,383 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price on the stock. TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley cut their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $168.12.

PepsiCo Trading Down 1.0 %

NASDAQ PEP traded down $1.48 during trading on Wednesday, hitting $141.36. The stock had a trading volume of 3,381,997 shares, compared to its average volume of 7,494,437. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $193.85 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 3.09 and a beta of 0.49. The stock has a 50 day simple moving average of $148.34 and a 200 day simple moving average of $155.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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.