Clarkston Capital Partners LLC Acquires 669 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Clarkston Capital Partners LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,624 shares of the company’s stock after acquiring an additional 669 shares during the quarter. Clarkston Capital Partners LLC’s holdings in PepsiCo were worth $27,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $2,729,565,000. Raymond James Financial Inc. bought a new stake in PepsiCo in the fourth quarter worth $589,307,000. Charles Schwab Investment Management Inc. grew its stake in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 3.1 %

Shares of PEP stock opened at $146.61 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market cap of $201.05 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a fifty day moving average price of $149.33 and a 200-day moving average price of $157.07.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEP. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price on the stock. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Company 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.