Fisher Asset Management LLC Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fisher Asset Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,100,821 shares of the company’s stock after purchasing an additional 246,553 shares during the quarter. Fisher Asset Management LLC’s holdings in PepsiCo were worth $1,231,811,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Paulson Wealth Management Inc. increased its holdings in PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after buying an additional 60 shares during the last quarter. LCM Capital Management Inc increased its holdings in PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after buying an additional 62 shares during the last quarter. Demars Financial Group LLC boosted its stake in PepsiCo by 1.1% in the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after acquiring an additional 62 shares in the last quarter. Tcfg Wealth Management LLC boosted its stake in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after acquiring an additional 66 shares in the last quarter. Finally, BIP Wealth LLC boosted its stake in PepsiCo by 1.9% in the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock valued at $612,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $153.47 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $210.48 billion, a P/E ratio of 22.08, a PEG ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a 50-day moving average price of $148.59 and a 200 day moving average price of $161.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, UBS Group decreased their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $171.47.

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.