Janus Henderson Group PLC Has $53.60 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Janus Henderson Group PLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 352,517 shares of the company's stock after acquiring an additional 2,292 shares during the quarter. Janus Henderson Group PLC's holdings in PepsiCo were worth $53,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Tcfg Wealth Management LLC increased its position in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC increased its position in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after buying an additional 70 shares during the last quarter. Marshall Financial Group LLC increased its position in PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after buying an additional 70 shares during the last quarter. Osprey Private Wealth LLC increased its position in PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after buying an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. boosted its holdings in shares of PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ PEP traded up $0.48 on Friday, hitting $131.98. 8,714,233 shares of the company's stock were exchanged, compared to its average volume of 6,369,899. The stock has a 50-day moving average of $141.78 and a 200-day moving average of $149.90. 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 $127.87 and a 52 week high of $183.41. The stock has a market cap of $180.96 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 3.09 and a beta of 0.47.

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 return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company earned $1.61 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.31%. PepsiCo's dividend payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.