Stonegate Investment Group LLC Purchases Shares of 5,845 PepsiCo, Inc. (NASDAQ:PEP)

Stonegate Investment Group LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEPGet Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,845 shares of the company’s stock, valued at approximately $1,015,000.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of PepsiCo by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 22,552,420 shares of the company’s stock worth $3,382,883,000 after purchasing an additional 426,296 shares in the last quarter. Capital Research Global Investors grew its position in shares of PepsiCo by 6.5% during the 3rd quarter. Capital Research Global Investors now owns 17,064,266 shares of the company’s stock worth $2,566,639,000 after purchasing an additional 1,041,453 shares in the last quarter. Morgan Stanley grew its position in shares of PepsiCo by 5.7% during the 3rd quarter. Morgan Stanley now owns 13,726,857 shares of the company’s stock worth $2,064,658,000 after purchasing an additional 738,582 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of PepsiCo by 24.8% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 9,226,501 shares of the company’s stock worth $1,387,758,000 after acquiring an additional 1,834,683 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of PepsiCo by 11.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,206,858 shares of the company’s stock worth $1,599,324,000 after acquiring an additional 913,751 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

PEP has been the topic of several analyst reports. Credit Suisse Group increased their price target on shares of PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Guggenheim increased their price target on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Finally, Citigroup raised their target price on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $176.56.

Shares of PEP stock traded down $1.28 during trading hours on Tuesday, hitting $174.19. 111,637 shares of the company’s stock traded hands, compared to its average volume of 5,689,400. The stock’s 50 day simple moving average is $168.52 and its 200 day simple moving average is $168.32. The stock has a market cap of $240.85 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.45 and a beta of 0.58. PepsiCo, Inc. has a 12 month low of $144.08 and a 12 month high of $177.62. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio (DPR) is currently 58.82%.

PepsiCo Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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