PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Palladium Partners LLC

Palladium Partners LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,601 shares of the company’s stock after acquiring an additional 15,640 shares during the period. PepsiCo comprises 1.3% of Palladium Partners LLC’s holdings, making the stock its 22nd biggest position. Palladium Partners LLC’s holdings in PepsiCo were worth $20,309,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of PepsiCo by 1.4% during the 2nd quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after purchasing an additional 1,413,723 shares in the last quarter. State Street Corp boosted its holdings in PepsiCo by 1.4% during the third quarter. State Street Corp now owns 66,734,823 shares of the company’s stock worth $9,149,344,000 after buying an additional 890,014 shares in the last quarter. California Public Employees Retirement System grew its position in PepsiCo by 0.6% during the fourth quarter. California Public Employees Retirement System now owns 9,537,426 shares of the company’s stock valued at $1,303,480,000 after buying an additional 56,541 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in PepsiCo by 2.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,733,054 shares of the company’s stock valued at $783,536,000 after buying an additional 115,013 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in PepsiCo by 2.0% in the third quarter. Parametric Portfolio Associates LLC now owns 5,678,486 shares of the company’s stock valued at $778,520,000 after buying an additional 112,107 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Shares of NASDAQ PEP traded up $0.52 during midday trading on Friday, hitting $146.99. The stock had a trading volume of 3,528,090 shares, compared to its average volume of 4,143,470. The company has a market capitalization of $203.11 billion, a PE ratio of 16.78, a P/E/G ratio of 3.51 and a beta of 0.53. The stock has a 50 day simple moving average of $140.04 and a 200-day simple moving average of $136.11. PepsiCo, Inc. has a 1 year low of $111.88 and a 1 year high of $147.13. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.01. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The firm had revenue of $20.64 billion during the quarter, compared to analysts’ expectations of $20.24 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a $0.955 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.60%. PepsiCo’s payout ratio is currently 67.49%.

A number of brokerages have weighed in on PEP. Cfra upped their price objective on shares of PepsiCo from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup increased their target price on shares of PepsiCo from $143.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $137.45.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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