PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,099 shares of the company’s stock after buying an additional 16,494 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in PepsiCo were worth $15,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC grew its stake in PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in PepsiCo during the 3rd quarter worth $329,179,000. Flossbach Von Storch AG grew its stake in PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after purchasing an additional 1,495,586 shares in the last quarter. California Public Employees Retirement System grew its stake in PepsiCo by 17.9% during the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in PepsiCo by 68.0% during the 4th quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after purchasing an additional 1,183,371 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.6 %

PepsiCo stock opened at $175.58 on Friday. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market capitalization of $241.39 billion, a P/E ratio of 26.40, a PEG ratio of 2.86 and a beta of 0.53. The stock has a 50-day simple moving average of $169.40 and a 200-day simple moving average of $167.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the previous year, the business earned $1.50 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 76.09%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Profile

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.