PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 59.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,745 shares of the company’s stock after purchasing an additional 17,092 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PepsiCo were worth $7,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. UBS Asset Management Americas Inc. increased its position in shares of PepsiCo by 24.8% during the third quarter. UBS Asset Management Americas Inc. now owns 9,226,501 shares of the company’s stock worth $1,387,758,000 after acquiring an additional 1,834,683 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of PepsiCo during the fourth quarter worth about $213,908,000. Capital Research Global Investors increased its position in shares of PepsiCo by 6.5% during the third quarter. Capital Research Global Investors now owns 17,064,266 shares of the company’s stock worth $2,566,639,000 after acquiring an additional 1,041,453 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of PepsiCo by 132.2% during the third quarter. Renaissance Technologies LLC now owns 1,716,862 shares of the company’s stock worth $258,233,000 after acquiring an additional 977,600 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of PepsiCo by 36.9% during the fourth quarter. ProShare Advisors LLC now owns 3,484,418 shares of the company’s stock worth $605,279,000 after acquiring an additional 940,029 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Several research firms have recently commented on PEP. JPMorgan Chase & Co. upped their target price on PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. Citigroup upped their target price on PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, March 9th. Barclays lowered their target price on PepsiCo from $186.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, February 14th. Finally, Morgan Stanley boosted their price objective on PepsiCo from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 8th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Buy” and a consensus target price of $176.56.

In other news, CEO Eugene Willemsen sold 4,560 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $175.61, for a total value of $800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Flavell sold 5,150 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the completion of the transaction, the executive vice president now directly owns 28,275 shares in the company, valued at $4,951,235.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

NASDAQ PEP opened at $162.21 on Friday. The stock has a market capitalization of $224.28 billion, a P/E ratio of 22.19, a P/E/G ratio of 3.20 and a beta of 0.58. PepsiCo, Inc. has a 1 year low of $144.61 and a 1 year high of $177.62. The business’s fifty day moving average is $169.32 and its two-hundred day moving average is $168.32. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be paid a dividend of $1.15 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, June 2nd. PepsiCo’s payout ratio is 58.82%.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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