Brooks Moore & Associates Inc. Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Brooks Moore & Associates Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,336 shares of the company's stock after acquiring an additional 2,325 shares during the period. PepsiCo comprises 2.3% of Brooks Moore & Associates Inc.'s holdings, making the stock its 17th biggest holding. Brooks Moore & Associates Inc.'s holdings in PepsiCo were worth $3,853,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the period. Norges Bank acquired a new stake in PepsiCo in the fourth quarter valued at $2,729,565,000. Finally, Northern Trust Corp lifted its stake in shares of PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after acquiring an additional 1,306,818 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $1.17 during mid-day trading on Wednesday, hitting $131.91. 6,312,878 shares of the stock were exchanged, compared to its average volume of 6,259,375. PepsiCo, Inc. has a 12 month low of $130.16 and a 12 month high of $183.41. The company has a 50-day simple moving average of $144.69 and a 200 day simple moving average of $151.64. The company has a market capitalization of $180.85 billion, a P/E ratio of 18.98, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.31%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

About PepsiCo

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.