Empower Advisory Group LLC Has $57.44 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Empower Advisory Group LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 377,719 shares of the company’s stock after selling 1,183 shares during the quarter. Empower Advisory Group LLC’s holdings in PepsiCo were worth $57,436,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in PepsiCo by 17,113.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock valued at $547,626,000 after buying an additional 3,201,676 shares during the last quarter. State Street Corp grew its holdings in shares of PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after acquiring an additional 2,775,679 shares in the last quarter. Franklin Resources Inc. increased its position in shares of PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares during the last quarter. Swedbank AB raised its holdings in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in PepsiCo by 360.0% in the fourth quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company’s stock valued at $258,158,000 after purchasing an additional 1,328,672 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8 %

Shares of PepsiCo stock opened at $143.39 on Tuesday. The stock’s 50-day moving average is $149.80 and its 200 day moving average is $163.06. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market cap of $196.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PEP. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $171.47.

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.