Integrated Wealth Concepts LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,130 shares of the company's stock after purchasing an additional 2,405 shares during the quarter. Integrated Wealth Concepts LLC's holdings in PepsiCo were worth $11,728,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ossiam lifted its position in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after purchasing an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after acquiring an additional 4,712 shares during the period. Guinness Asset Management LTD boosted its holdings in PepsiCo by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock worth $188,031,000 after buying an additional 61,541 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in shares of PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after purchasing an additional 8,759 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PEP has been the subject of several recent research reports. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Finally, StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $160.69.
Check Out Our Latest Research Report on PEP
PepsiCo Trading Up 0.1 %
Shares of NASDAQ PEP traded up $0.18 during midday trading 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 market capitalization of $183.68 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1-year low of $131.61 and a 1-year high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a fifty day moving average price of $147.46 and a 200 day moving average price of $153.37.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.05%. PepsiCo's payout ratio is currently 79.71%.
About PepsiCo
(
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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