Fisher Asset Management LLC Buys 193,336 Shares of PepsiCo, Inc. (PEP)

Fisher Asset Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,851,582 shares of the company’s stock after buying an additional 193,336 shares during the period. PepsiCo makes up 1.0% of Fisher Asset Management LLC’s portfolio, making the stock its 24th largest holding. Fisher Asset Management LLC owned approximately 0.49% of PepsiCo worth $756,963,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vigilant Capital Management LLC increased its position in shares of PepsiCo by 0.8% during the third quarter. Vigilant Capital Management LLC now owns 122,904 shares of the company’s stock valued at $13,741,000 after purchasing an additional 976 shares during the period. Spearhead Capital Advisors LLC increased its position in shares of PepsiCo by 3.3% during the third quarter. Spearhead Capital Advisors LLC now owns 31,565 shares of the company’s stock valued at $3,415,000 after purchasing an additional 999 shares during the period. KAMES CAPITAL plc bought a new stake in shares of PepsiCo during the third quarter valued at approximately $1,024,000. Stokes Capital Advisors LLC increased its position in shares of PepsiCo by 8.3% during the third quarter. Stokes Capital Advisors LLC now owns 19,932 shares of the company’s stock valued at $2,228,000 after purchasing an additional 1,520 shares during the period. Finally, MAI Capital Management increased its position in shares of PepsiCo by 0.5% during the third quarter. MAI Capital Management now owns 112,582 shares of the company’s stock valued at $12,587,000 after purchasing an additional 516 shares during the period. 72.30% of the stock is owned by institutional investors and hedge funds.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the transaction, the chief executive officer now owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

Shares of PEP traded up $0.08 during trading hours on Friday, hitting $127.09. 6,331,152 shares of the stock traded hands, compared to its average volume of 4,500,744. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $128.26. The firm has a market capitalization of $178.16 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 3.12 and a beta of 0.65.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The business had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Thursday, February 28th. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.

PEP has been the topic of a number of analyst reports. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Morgan Stanley upped their price target on PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, February 19th. Goldman Sachs Group upgraded PepsiCo from a “sell” rating to a “neutral” rating and upped their price target for the company from $111.00 to $132.00 in a research report on Thursday. SunTrust Banks upped their price target on PepsiCo to $120.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Macquarie boosted their price objective on PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $123.00.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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