Retirement Systems of Alabama lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 552,306 shares of the company's stock after selling 8,252 shares during the quarter. Retirement Systems of Alabama's holdings in PepsiCo were worth $93,804,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA lifted its stake in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company's stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo during the fourth quarter worth approximately $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $36,000. Criterion Capital Advisors LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $39,000. Finally, Avion Wealth increased its position in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company's stock worth $41,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
PEP stock traded down $1.10 on Friday, reaching $175.58. 4,472,102 shares of the company's stock were exchanged, compared to its average volume of 5,365,961. The stock has a fifty day moving average of $169.40 and a 200-day moving average of $167.92. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market cap of $241.39 billion, a PE ratio of 26.40, a P/E/G ratio of 2.86 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. PepsiCo's quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo's dividend payout ratio is presently 76.09%.
Wall Street Analyst Weigh In
PEP has been the topic of several research analyst reports. Barclays lifted their price target on PepsiCo from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday. Wedbush reaffirmed an "outperform" rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Citigroup raised PepsiCo from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Morgan Stanley raised PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the company a "neutral" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of "Moderate Buy" and an average price target of $187.42.
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About PepsiCo
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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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