PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,915 shares of the company's stock after buying an additional 4,428 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in PepsiCo were worth $16,714,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PEP. Norges Bank purchased a new position in PepsiCo in the fourth quarter valued at about $2,729,565,000. Raymond James Financial Inc. purchased a new position in PepsiCo in the fourth quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. Vanguard Group Inc. grew its stake in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of PepsiCo by 360.0% during the fourth quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock worth $258,158,000 after acquiring an additional 1,328,672 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PEP. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley dropped their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $2.03 on Tuesday, hitting $131.37. The company had a trading volume of 13,960,301 shares, compared to its average volume of 6,503,657. 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 52-week low of $127.75 and a 52-week high of $180.91. The business has a 50 day moving average of $139.16 and a 200 day moving average of $147.95. The company has a market cap of $180.12 billion, a PE ratio of 18.90, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The firm's revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.33%. PepsiCo's dividend payout ratio is 83.68%.

PepsiCo Company Profile

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.