PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by World Investment Advisors

World Investment Advisors raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,816 shares of the company's stock after purchasing an additional 3,210 shares during the period. World Investment Advisors' holdings in PepsiCo were worth $11,225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $28,000. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the 3rd quarter worth $31,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth about $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock traded down $4.76 on Friday, reaching $146.61. 12,910,000 shares of the company were exchanged, compared to its average volume of 5,937,201. The company has a market cap of $201.05 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The business has a 50-day moving average price of $149.38 and a 200 day moving average price of $157.42. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

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PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business's revenue was down .2% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PEP shares. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $169.88.

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.