Bridgeway Capital Management LLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bridgeway Capital Management LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,061 shares of the company's stock after buying an additional 12,903 shares during the period. Bridgeway Capital Management LLC's holdings in PepsiCo were worth $18,409,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Brooks Moore & Associates Inc. boosted its holdings in PepsiCo by 10.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 25,336 shares of the company's stock worth $3,853,000 after buying an additional 2,325 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of PepsiCo in the fourth quarter valued at $4,492,000. Cahill Financial Advisors Inc. raised its holdings in shares of PepsiCo by 56.2% in the 4th quarter. Cahill Financial Advisors Inc. now owns 2,308 shares of the company's stock valued at $351,000 after purchasing an additional 830 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $7,763,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $173,902,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America cut their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. HSBC lowered their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Up 0.9 %

NASDAQ PEP traded up $1.17 during midday trading on Wednesday, hitting $131.91. 6,312,878 shares of the company traded hands, compared to its average volume of 6,259,375. PepsiCo, Inc. has a 52 week low of $130.16 and a 52 week high of $183.41. The company's 50-day simple moving average is $144.69 and its 200-day simple moving average is $151.64. 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 company has a market cap of $180.85 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share 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 dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is currently 79.71%.

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.