PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,198,304 shares of the company’s stock after purchasing an additional 143,103 shares during the period. Victory Capital Management Inc.’s holdings in PepsiCo were worth $373,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PEP. LFA Lugano Financial Advisors SA lifted its stake in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo during the fourth quarter worth $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $39,000. Finally, Avion Wealth raised its holdings in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1 %

PepsiCo stock traded down $0.22 during mid-day trading on Wednesday, hitting $175.69. The company had a trading volume of 1,652,600 shares, compared to its average volume of 5,756,081. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The stock has a market cap of $241.54 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.87 and a beta of 0.53. The business has a fifty day moving average of $169.74 and a 200 day moving average of $168.16.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 76.09%.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Finally, Jefferies Financial Group boosted their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.