UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in PepsiCo, Inc. (NASDAQ:PEP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,317,520 shares of the company's stock after buying an additional 416,537 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.83% of PepsiCo worth $1,720,942,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ossiam raised its stake in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. lifted its holdings in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after acquiring an additional 6,865 shares during the last quarter. Guinness Asset Management LTD lifted its holdings in shares of PepsiCo by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock worth $188,031,000 after acquiring an additional 61,541 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth about $47,899,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, Bank of America cut their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Down 1.3%

NASDAQ PEP traded down $1.65 during trading on Wednesday, hitting $130.15. The company's stock had a trading volume of 9,238,122 shares, compared to its average volume of 6,432,722. PepsiCo, Inc. has a fifty-two week low of $127.87 and a fifty-two week high of $182.13. The company has a market cap of $178.45 billion, a PE ratio of 18.73, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business's 50 day simple moving average is $140.35 and its 200-day simple moving average is $148.94.

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 the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given 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 dividend yield of 4.37%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

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.