PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Advance Capital Management Inc.

Advance Capital Management Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,867 shares of the company’s stock after acquiring an additional 129 shares during the quarter. Advance Capital Management Inc.’s holdings in PepsiCo were worth $317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of PepsiCo by 34.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after buying an additional 286,169 shares in the last quarter. AMI Investment Management Inc. boosted its holdings in PepsiCo by 0.7% in the first quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after purchasing an additional 113 shares during the last quarter. Mather Group LLC. boosted its holdings in PepsiCo by 29.3% in the first quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock valued at $931,000 after purchasing an additional 1,262 shares during the last quarter. Wsfs Capital Management LLC boosted its holdings in PepsiCo by 117.2% in the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its holdings in PepsiCo by 8.5% in the first quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after purchasing an additional 2,116 shares during the last quarter. 71.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Finally, Barclays increased their target price on PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.77.

Read Our Latest Analysis on PepsiCo

PepsiCo Stock Down 0.1 %

PEP opened at $164.66 on Monday. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The stock has a market cap of $226.31 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.59 and a beta of 0.53. The stock’s 50 day moving average price is $167.27 and its 200 day moving average price is $168.13.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

PepsiCo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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