PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 50.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,555 shares of the company’s stock after buying an additional 10,237 shares during the quarter. PepsiCo comprises about 0.7% of Twin Capital Management Inc.’s portfolio, making the stock its 29th biggest holding. Twin Capital Management Inc.’s holdings in PepsiCo were worth $5,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in shares of PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Morgan Stanley lifted its position in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after purchasing an additional 920,032 shares in the last quarter. Northern Trust Corp lifted its position in shares of PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after purchasing an additional 595,357 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of PepsiCo during the fourth quarter worth about $2,519,707,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PEP. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Barclays upped their target price on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Jefferies Financial Group upped their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Stock Up 0.9 %

PepsiCo stock traded up $1.48 during mid-day trading on Thursday, hitting $170.96. The company had a trading volume of 1,859,721 shares, compared to its average volume of 5,673,485. The stock has a market cap of $234.99 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.63 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business has a fifty day moving average of $168.58 and a 200 day moving average of $167.38.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

About PepsiCo

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.