PepsiCo, Inc. $PEP Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 343,624 shares of the company’s stock after acquiring an additional 4,333 shares during the period. Brown Advisory Inc.’s holdings in PepsiCo were worth $49,317,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cypress Capital Management LLC WY raised its position in shares of PepsiCo by 8.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock valued at $121,000 after acquiring an additional 64 shares in the last quarter. United Bank grew its stake in PepsiCo by 3.9% during the 4th quarter. United Bank now owns 1,717 shares of the company’s stock worth $246,000 after buying an additional 65 shares during the last quarter. Koa Wealth Management LLC grew its stake in shares of PepsiCo by 0.9% in the fourth quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after purchasing an additional 68 shares in the last quarter. Pettinga Financial Advisors LLC grew its stake in shares of PepsiCo by 3.8% in the fourth quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock worth $270,000 after purchasing an additional 68 shares in the last quarter. Finally, Tiemann Investment Advisors LLC grew its stake in shares of PepsiCo by 4.0% in the third quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock worth $254,000 after purchasing an additional 70 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.27 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The stock’s 50-day moving average is $151.11 and its two-hundred day moving average is $152.41. The firm has a market cap of $197.18 billion, a P/E ratio of 22.65, a PEG ratio of 2.61 and a beta of 0.35.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the prior year, the firm posted $1.48 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is currently 92.94%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. HSBC raised their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. BNP Paribas Exane upped their target price on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Sanford C. Bernstein assumed coverage on PepsiCo in a report on Thursday. They set a “market perform” rating and a $143.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $167.35.

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PepsiCo News Roundup

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PepsiCo Company Profile

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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