PepsiCo, Inc. (NASDAQ:PEP) Position Boosted by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 861,533 shares of the company’s stock after purchasing an additional 9,193 shares during the period. Eagle Asset Management Inc. owned approximately 0.06% of PepsiCo worth $148,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of PEP. 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 valued at $1,387,758,000 after purchasing an additional 1,834,683 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in shares of PepsiCo in the fourth quarter worth about $213,908,000. Capital Research Global Investors boosted its holdings in shares of PepsiCo by 6.5% in the third quarter. Capital Research Global Investors now owns 17,064,266 shares of the company’s stock worth $2,566,639,000 after buying an additional 1,041,453 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of PepsiCo by 132.2% in the third quarter. Renaissance Technologies LLC now owns 1,716,862 shares of the company’s stock worth $258,233,000 after buying an additional 977,600 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of PepsiCo by 36.9% in the fourth quarter. ProShare Advisors LLC now owns 3,484,418 shares of the company’s stock worth $605,279,000 after buying an additional 940,029 shares during the period. Institutional investors own 72.12% of the company’s stock.

PEP has been the subject of several recent analyst reports. Citigroup raised their target price on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 price target for the company in a report on Monday, April 4th. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Tuesday, February 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $173.00 to $175.00 in a report on Wednesday, April 27th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $176.56.

In related news, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the transaction, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at $4,951,235.25. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Shares of PepsiCo stock traded down $2.45 during midday trading on Thursday, hitting $161.20. The company had a trading volume of 6,422,298 shares, compared to its average volume of 5,629,563. The business’s 50 day simple moving average is $169.05 and its two-hundred day simple moving average is $168.33. The stock has a market cap of $222.89 billion, a PE ratio of 21.90, a P/E/G ratio of 3.49 and a beta of 0.58. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.87 and a quick ratio of 0.68. PepsiCo, Inc. has a 1-year low of $144.61 and a 1-year high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $15.54 billion. During the same quarter in the previous year, the company earned $1.21 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side 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. Stockholders of record on Friday, June 3rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s payout ratio 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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