OMERS ADMINISTRATION Corp Buys 13,461 Shares of PepsiCo, Inc. (NASDAQ:PEP)

OMERS ADMINISTRATION Corp lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,797 shares of the company's stock after acquiring an additional 13,461 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in PepsiCo were worth $18,977,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Obermeyer Wealth Partners increased its position in PepsiCo by 5.7% in the fourth quarter. Obermeyer Wealth Partners now owns 5,110 shares of the company's stock worth $777,000 after buying an additional 277 shares during the last quarter. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the fourth quarter worth $31,000. Minot DeBlois Advisors LLC purchased a new stake in PepsiCo in the fourth quarter worth $1,237,000. New England Asset Management Inc. increased its position in PepsiCo by 120.5% in the fourth quarter. New England Asset Management Inc. now owns 25,112 shares of the company's stock worth $3,819,000 after buying an additional 13,725 shares during the last quarter. Finally, Laraway Financial Advisors Inc increased its position in PepsiCo by 11.8% in the fourth quarter. Laraway Financial Advisors Inc now owns 4,455 shares of the company's stock worth $677,000 after buying an additional 470 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PEP. BNP Paribas reduced their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. UBS Group decreased their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Up 1.0%

NASDAQ:PEP opened at $131.68 on Tuesday. 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 market capitalization of $180.54 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a one year low of $130.06 and a one year high of $183.41. The business has a fifty day moving average price of $143.28 and a 200-day moving average price of $150.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the company earned $1.61 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

PepsiCo Company 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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