PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 50.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,555 shares of the company’s stock after buying an additional 10,237 shares during the period. PepsiCo accounts for approximately 0.7% of Twin Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding. Twin Capital Management Inc.’s holdings in PepsiCo were worth $5,189,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC grew its stake in shares of PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Norges Bank bought a new position in shares of PepsiCo in the fourth quarter worth $2,519,707,000. Morgan Stanley grew its stake in shares of PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares in the last quarter. International Assets Investment Management LLC boosted its stake in PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after buying an additional 3,026,611 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in PepsiCo during the third quarter valued at about $329,179,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on PEP shares. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Barclays raised their target price on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Trading Up 0.9 %

Shares of NASDAQ:PEP traded up $1.48 during midday trading on Thursday, reaching $170.96. The company had a trading volume of 1,859,721 shares, compared to its average volume of 5,673,485. The company has a fifty day simple moving average of $168.58 and a two-hundred day simple moving average of $167.38. The firm has a market cap of $234.99 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 firm had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. Research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

About PepsiCo

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.