Richard C. Young & CO. LTD. Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Richard C. Young & CO. LTD. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 19.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,558 shares of the company’s stock after acquiring an additional 250 shares during the period. Richard C. Young & CO. LTD.’s holdings in PepsiCo were worth $265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Norges Bank bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $2,686,139,000. International Assets Investment Management LLC increased its position in shares of PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after acquiring an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $329,179,000. Flossbach Von Storch AG increased its position in shares of PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after acquiring an additional 1,495,586 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Barclays lifted their target price on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Jefferies Financial Group lifted their target price on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.58.

Get Our Latest Report on PEP

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $2.42 on Friday, hitting $172.90. 8,154,228 shares of the company’s stock were exchanged, compared to its average volume of 5,483,911. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a 50-day simple moving average of $174.70 and a 200-day simple moving average of $170.35. The stock has a market capitalization of $237.70 billion, a PE ratio of 26.00, a PEG ratio of 2.79 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the company earned $1.50 EPS. PepsiCo’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.13%. PepsiCo’s payout ratio is 76.09%.

About PepsiCo

(Free Report)

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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