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

Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 18.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,217,043 shares of the company’s stock after buying an additional 3,856,193 shares during the quarter. PepsiCo comprises approximately 0.7% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Charles Schwab Investment Management Inc.’s holdings in PepsiCo were worth $3,834,504,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Collier Financial purchased a new stake in PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the fourth quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. grew its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo during the fourth quarter valued at about $34,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.6 %

Shares of NASDAQ PEP opened at $155.99 on Tuesday. The stock’s 50 day moving average price is $148.68 and its two-hundred day moving average price is $161.33. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market capitalization of $213.94 billion, a P/E ratio of 22.44, a PEG ratio of 3.09 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $171.47.

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.