Peak Retirement Planning Inc. Purchases Shares of 5,247 PepsiCo, Inc. (NASDAQ:PEP)

Peak Retirement Planning Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,247 shares of the company's stock, valued at approximately $797,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in PepsiCo during the 4th quarter valued at about $2,729,565,000. Raymond James Financial Inc. purchased a new position in PepsiCo during the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. lifted its position in PepsiCo by 18.1% in 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. Vanguard Group Inc. boosted its stake in shares of PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of PepsiCo by 360.0% in 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 owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP stock traded up $0.02 on Wednesday, reaching $131.39. 2,742,134 shares of the company were exchanged, compared to its average volume of 6,489,263. The firm has a market capitalization of $180.14 billion, a PE ratio of 18.92, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The stock's fifty day moving average price is $138.84 and its 200 day moving average price is $147.83. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company posted $1.61 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

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

Analyst Ratings Changes

PEP has been the subject of a number of research reports. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Finally, Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo 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.