PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,493 shares of the company’s stock after buying an additional 6,188 shares during the period. Orion Portfolio Solutions LLC’s holdings in PepsiCo were worth $17,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $2,686,139,000. International Assets Investment Management LLC grew its holdings in shares of 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 worth $519,381,000 after buying an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of PepsiCo in the third quarter worth about $329,179,000. Flossbach Von Storch AG boosted its position in PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after acquiring an additional 1,495,586 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

PepsiCo Stock Down 0.7 %

PEP stock traded down $1.28 during mid-day trading on Friday, reaching $177.99. The company had a trading volume of 3,447,399 shares, compared to its average volume of 3,948,433. The firm has a fifty day simple moving average of $174.57 and a 200 day simple moving average of $170.14. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38. The company has a market capitalization of $244.70 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate 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 net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. Analysts forecast that PepsiCo, Inc. will post 8.17 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio is currently 76.09%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Barclays increased their target price on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Jefferies Financial Group boosted their price target on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.58.

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.