PepsiCo, Inc. $PEP Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,650 shares of the company’s stock after acquiring an additional 38,918 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PepsiCo were worth $41,284,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PEP. Norges Bank acquired a new position in shares of PepsiCo in the fourth quarter worth $3,018,813,000. AQR Capital Management LLC raised its holdings in shares of PepsiCo by 120.7% in the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock worth $830,902,000 after acquiring an additional 3,235,726 shares during the last quarter. Amundi raised its holdings in shares of PepsiCo by 30.0% in the third quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after acquiring an additional 1,995,362 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock worth $19,875,205,000 after acquiring an additional 1,612,652 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its holdings in shares of PepsiCo by 151.7% in the third quarter. Caisse de depot et placement du Quebec now owns 2,597,986 shares of the company’s stock worth $364,861,000 after acquiring an additional 1,565,883 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $141.92 on Monday. The stock has a 50-day moving average price of $152.21 and a two-hundred day moving average price of $152.54. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The company has a market cap of $193.97 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is presently 92.94%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PEP shares. Evercore upped their target price on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Piper Sandler upped their target price on PepsiCo from $172.00 to $181.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. HSBC upped their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Argus upgraded PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Finally, TD Cowen upped their target price on PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $169.58.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.