Geode Capital Management LLC Has $4.72 Billion Position in PepsiCo, Inc. (NASDAQ:PEP)

Geode Capital Management LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,079,522 shares of the company’s stock after purchasing an additional 582,254 shares during the quarter. Geode Capital Management LLC owned 2.27% of PepsiCo worth $4,717,069,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PEP. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the fourth quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PEP. BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price for the company. Finally, Morgan Stanley reduced their target price on PepsiCo from $185.00 to $168.00 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, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.88.

PepsiCo Trading Up 0.4 %

NASDAQ PEP opened at $149.94 on Tuesday. The firm has a market capitalization of $205.64 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The business’s 50-day moving average price is $149.28 and its two-hundred day moving average price is $157.72. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

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.