Nissay Asset Management Corp Japan ADV Buys 15,384 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nissay Asset Management Corp Japan ADV increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 309,918 shares of the company's stock after purchasing an additional 15,384 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in PepsiCo were worth $47,383,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of PEP. Capital Investment Advisors LLC grew its holdings in shares of PepsiCo by 1.9% during the fourth quarter. Capital Investment Advisors LLC now owns 39,927 shares of the company's stock worth $6,071,000 after purchasing an additional 743 shares during the last quarter. Cooper Financial Group lifted its stake in PepsiCo by 10.5% in the fourth quarter. Cooper Financial Group now owns 4,078 shares of the company's stock valued at $620,000 after buying an additional 389 shares during the period. Marshall & Sullivan Inc. WA raised its position in shares of PepsiCo by 1.7% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 30,888 shares of the company's stock worth $4,697,000 after purchasing an additional 530 shares during the period. Bar Harbor Wealth Management raised its position in shares of PepsiCo by 1.1% during the fourth quarter. Bar Harbor Wealth Management now owns 60,783 shares of the company's stock worth $9,243,000 after purchasing an additional 670 shares during the period. Finally, Elevated Capital Advisors LLC raised its position in shares of PepsiCo by 10.6% during the fourth quarter. Elevated Capital Advisors LLC now owns 9,217 shares of the company's stock worth $1,402,000 after purchasing an additional 882 shares during the period. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on PEP. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. 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 research note on Friday, April 25th. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $130.31 on Wednesday. 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 business's 50 day simple moving average is $142.80 and its two-hundred day simple moving average is $150.32. The stock has a market capitalization of $178.67 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a one year low of $129.75 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

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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