Fisher Asset Management LLC Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

Fisher Asset Management LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,100,821 shares of the company’s stock after purchasing an additional 246,553 shares during the period. Fisher Asset Management LLC owned about 0.59% of PepsiCo worth $1,231,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Maripau Wealth Management LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $245,000. SVB Wealth LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $14,374,000. Tower Bridge Advisors increased its stake in PepsiCo by 0.6% during the 4th quarter. Tower Bridge Advisors now owns 95,688 shares of the company’s stock worth $14,550,000 after buying an additional 605 shares in the last quarter. Tufton Capital Management increased its stake in PepsiCo by 0.5% during the 4th quarter. Tufton Capital Management now owns 34,513 shares of the company’s stock worth $5,248,000 after buying an additional 180 shares in the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $250,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.0 %

Shares of NASDAQ PEP opened at $153.47 on Friday. The firm has a market cap of $210.48 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 3.09 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business’s 50 day moving average is $148.59 and its two-hundred day moving average is $161.60.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Royal Bank of Canada initiated coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price on the stock. HSBC lowered their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, PepsiCo has a consensus 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.