Livforsakringsbolaget Skandia Omsesidigt Acquires 2,193 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Livforsakringsbolaget Skandia Omsesidigt raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 12.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 19,317 shares of the company’s stock after acquiring an additional 2,193 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PepsiCo were worth $3,299,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its holdings in shares of PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after acquiring an additional 42,831,405 shares during the last quarter. Morgan Stanley boosted its stake in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after purchasing an additional 4,629,947 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after purchasing an additional 920,032 shares during the period. Northern Trust Corp boosted its stake in PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during the period. Finally, Norges Bank bought a new stake in PepsiCo in the 4th quarter valued at $2,519,707,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.2 %

Shares of PEP traded up $1.98 during mid-day trading on Wednesday, reaching $169.48. 4,007,502 shares of the company were exchanged, compared to its average volume of 5,725,734. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market capitalization of $232.95 billion, a PE ratio of 25.49, a PEG ratio of 2.62 and a beta of 0.53. The business has a 50 day simple moving average of $168.62 and a two-hundred day simple moving average of $167.37.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.99%. PepsiCo’s payout ratio is currently 77.02%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PEP. JPMorgan Chase & Co. lowered PepsiCo from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Finally, Barclays raised their price objective on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

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.