PepsiCo, Inc. (NASDAQ:PEP) Stake Raised by ProShare Advisors LLC

ProShare Advisors LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,850,140 shares of the company's stock after purchasing an additional 328,696 shares during the period. PepsiCo comprises about 1.0% of ProShare Advisors LLC's holdings, making the stock its 12th largest position. ProShare Advisors LLC owned approximately 0.21% of PepsiCo worth $433,392,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Price Performance

PepsiCo stock opened at $128.45 on Thursday. The business has a 50 day simple moving average of $142.28 and a 200 day simple moving average of $150.16. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $127.87 and a one year high of $183.41. The company has a market capitalization of $176.12 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.43%. PepsiCo's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.