Laurion Capital Management LP lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4,127.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,004 shares of the company's stock after purchasing an additional 110,331 shares during the period. Laurion Capital Management LP's holdings in PepsiCo were worth $17,183,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Geode Capital Management LLC boosted its stake in shares of PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Norges Bank acquired a new stake in shares of PepsiCo in the 4th quarter valued at $2,729,565,000. Finally, Northern Trust Corp boosted its stake in shares of PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after purchasing an additional 1,306,818 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Stock Down 1.4%
NASDAQ:PEP traded down $1.86 during trading hours on Wednesday, reaching $128.45. 10,452,154 shares of the stock were exchanged, compared to its average volume of 6,342,287. PepsiCo, Inc. has a twelve month low of $127.90 and a twelve month high of $183.41. 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 firm has a 50 day moving average of $142.80 and a 200 day moving average of $150.32. The stock has a market cap of $176.12 billion, a PE ratio of 18.48, a PEG ratio of 3.09 and a beta of 0.47.
PepsiCo (NASDAQ:PEP - Get Free Report) last released 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company posted $1.61 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.43%. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.
Wall Street Analyst Weigh In
PEP has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. BNP Paribas dropped 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. Royal Bank of Canada reissued a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Finally, Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $160.69.
Check Out Our Latest Analysis on PepsiCo
PepsiCo Profile
(
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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