Oak Asset Management LLC Has $3.41 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Oak Asset Management LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,099 shares of the company’s stock after acquiring an additional 371 shares during the period. PepsiCo accounts for 1.4% of Oak Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding. Oak Asset Management LLC’s holdings in PepsiCo were worth $3,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Capital Advisors LLC raised its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth about $405,000. Manchester Capital Management LLC boosted its stake in shares of PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after acquiring an additional 185 shares in the last quarter. Marion Wealth Management raised its stake in shares of PepsiCo by 31.7% in the 4th quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in PepsiCo by 20.1% in the 3rd quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock worth $10,146,000 after purchasing an additional 10,005 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP stock traded down $1.71 on Wednesday, reaching $169.73. The company had a trading volume of 943,239 shares, compared to its average volume of 5,831,504. The stock has a market capitalization of $233.30 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business’s 50-day moving average is $168.68 and its 200 day moving average is $167.74. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.98%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $185.00 to $176.00 in a research report on Tuesday, December 19th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Get Our Latest Report on PEP

PepsiCo Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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