Foundations Investment Advisors LLC Has $5.60 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Foundations Investment Advisors LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 143.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,592 shares of the company's stock after acquiring an additional 19,205 shares during the quarter. Foundations Investment Advisors LLC's holdings in PepsiCo were worth $5,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company's stock valued at $3,227,287,000 after acquiring an additional 578,083 shares during the period. Northern Trust Corp increased its holdings in PepsiCo by 3.7% in the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company's stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during the period. California Public Employees Retirement System raised its position in PepsiCo by 17.9% during the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company's stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in PepsiCo by 15.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company's stock worth $1,430,250,000 after buying an additional 1,105,127 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of PepsiCo by 2.1% in the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company's stock valued at $1,147,922,000 after buying an additional 142,243 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on PEP shares. Citigroup upgraded PepsiCo from a "neutral" rating to a "buy" rating and upped their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Wedbush reaffirmed an "outperform" rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Barclays lifted their price objective on PepsiCo from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their target price on PepsiCo from $178.00 to $181.00 and gave the company a "neutral" rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $187.42.

PepsiCo Stock Down 0.2 %

PEP traded down $0.41 during trading on Wednesday, hitting $179.46. 4,784,268 shares of the company's stock were exchanged, compared to its average volume of 5,572,076. The stock has a market cap of $246.72 billion, a P/E ratio of 27.04, a PEG ratio of 2.95 and a beta of 0.52. The business's 50 day moving average is $171.93 and its two-hundred day moving average is $169.34. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $194.48. 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 released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.02%. This is an increase from PepsiCo's previous quarterly dividend of $1.27. PepsiCo's dividend payout ratio is currently 76.09%.

Insider Activity at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares of the company's stock, valued at $9,603,634. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

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.

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