PepsiCo, Inc. (NASDAQ:PEP) is Yacktman Asset Management LP’s 6th Largest Position

Yacktman Asset Management LP cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,536,865 shares of the company’s stock after selling 20,382 shares during the period. PepsiCo comprises about 4.0% of Yacktman Asset Management LP’s holdings, making the stock its 6th largest holding. Yacktman Asset Management LP’s holdings in PepsiCo were worth $430,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cerity Partners LLC increased its holdings in PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after buying an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after acquiring an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $405,000. Manchester Capital Management LLC increased its stake in PepsiCo by 1.4% in the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after purchasing an additional 185 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PEP shares. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Jefferies Financial Group boosted their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays raised their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $0.45 during midday trading on Friday, hitting $176.23. The company had a trading volume of 2,686,023 shares, compared to its average volume of 5,831,755. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $242.28 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The business has a 50-day simple moving average of $169.22 and a two-hundred day simple moving average of $167.76.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. PepsiCo’s revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 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.