PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,490 shares of the company’s stock after acquiring an additional 49,166 shares during the period. Allspring Global Investments Holdings LLC’s holdings in PepsiCo were worth $37,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC increased its stake in shares of PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $405,000. Manchester Capital Management LLC lifted its position in shares of PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its stake in PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,159 shares during the period. Finally, Marion Wealth Management increased its holdings in PepsiCo by 31.7% in the 4th quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after acquiring an additional 1,900 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group raised their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Trading Down 0.2 %

PEP opened at $168.10 on Friday. The business’s 50 day moving average price is $168.78 and its 200 day moving average price is $167.45. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market capitalization of $231.06 billion, a PE ratio of 25.59, a P/E/G ratio of 2.64 and a beta of 0.53. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same period in the prior year, the business posted $1.67 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 3.01%. 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.