PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 589,097 shares of the company's stock after acquiring an additional 64,858 shares during the period. Teacher Retirement System of Texas' holdings in PepsiCo were worth $88,329,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. TAGStone Capital Inc. lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after purchasing an additional 70 shares during the last quarter. Lokken Investment Group LLC lifted its holdings in shares of PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after acquiring an additional 70 shares during the period. Legacy Financial Group LLC boosted its holdings in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares in the last quarter. Atlantic Private Wealth LLC grew its position in PepsiCo by 37.5% in the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after acquiring an additional 75 shares during the period. Finally, Pflug Koory LLC increased its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $0.91 during mid-day trading on Thursday, reaching $135.58. The company's stock had a trading volume of 4,941,378 shares, compared to its average volume of 7,048,532. The firm has a market capitalization of $185.88 billion, a PE ratio of 19.94, a P/E/G ratio of 4.27 and a beta of 0.45. The stock has a fifty day moving average of $131.36 and a two-hundred day moving average of $142.54. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted $1.61 EPS. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.20%. The ex-dividend date was Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PEP shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Barclays decreased their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One investment 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.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $159.75.

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.