Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,509 shares of the company's stock after selling 21,465 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in PepsiCo were worth $14,100,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $2,729,565,000. Raymond James Financial Inc. acquired a new stake in PepsiCo during the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. lifted its holdings in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Franklin Resources Inc. lifted its holdings in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after buying an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Morgan Stanley decreased their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $160.69.
Read Our Latest Analysis on PepsiCo
PepsiCo Stock Up 0.1 %
NASDAQ:PEP traded up $0.18 during trading hours on Tuesday, hitting $133.94. The stock had a trading volume of 2,670,312 shares, compared to its average volume of 6,148,706. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $131.61 and a 1-year high of $183.41. The business has a 50 day simple moving average of $147.46 and a two-hundred day simple moving average of $153.37. The company has a market cap of $183.68 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.05%. PepsiCo's dividend payout ratio is presently 79.71%.
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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