PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,001,928 shares of the company’s stock after buying an additional 578,083 shares during the period. PepsiCo makes up about 0.8% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 20th largest holding. Charles Schwab Investment Management Inc.’s holdings in PepsiCo were worth $3,227,287,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PEP. Jacobsen Capital Management increased its position in shares of PepsiCo by 4.8% during the 3rd quarter. Jacobsen Capital Management now owns 2,402 shares of the company’s stock valued at $407,000 after purchasing an additional 111 shares during the period. Northstar Asset Management LLC grew its holdings in PepsiCo by 11.7% during the third quarter. Northstar Asset Management LLC now owns 18,288 shares of the company’s stock worth $3,099,000 after acquiring an additional 1,914 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in PepsiCo by 0.7% in the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 94,956 shares of the company’s stock worth $16,089,000 after acquiring an additional 631 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in PepsiCo by 21.4% in the 3rd quarter. Sage Mountain Advisors LLC now owns 5,909 shares of the company’s stock valued at $1,001,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Mastrapasqua Asset Management Inc. grew its stake in shares of PepsiCo by 0.5% in the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 57,239 shares of the company’s stock worth $9,699,000 after purchasing an additional 308 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Stock Performance

PEP stock traded up $0.08 during midday trading on Wednesday, hitting $178.10. 1,254,916 shares of the company traded hands, compared to its average volume of 5,643,205. The business has a 50 day simple moving average of $170.49 and a 200-day simple moving average of $168.70. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock has a market capitalization of $244.85 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 76.09%.

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.