PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Apella Capital LLC

Apella Capital LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 30.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,935 shares of the company’s stock after purchasing an additional 921 shares during the period. Apella Capital LLC’s holdings in PepsiCo were worth $711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of PepsiCo by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 128,842,451 shares of the company’s stock worth $21,034,819,000 after purchasing an additional 1,611,639 shares during the period. State Street Corp increased its holdings in PepsiCo by 0.7% in the 3rd quarter. State Street Corp now owns 59,634,823 shares of the company’s stock valued at $9,735,981,000 after purchasing an additional 423,426 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 10.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock valued at $2,555,040,000 after purchasing an additional 1,427,405 shares in the last quarter. Legal & General Group Plc grew its stake in shares of PepsiCo by 3.6% during the second quarter. Legal & General Group Plc now owns 10,875,847 shares of the company’s stock valued at $1,812,570,000 after acquiring an additional 374,472 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of PepsiCo by 8.1% during the third quarter. Nuveen Asset Management LLC now owns 10,848,950 shares of the company’s stock valued at $1,771,200,000 after acquiring an additional 816,417 shares in the last quarter. Institutional investors and hedge funds own 70.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEP. Citigroup began coverage on PepsiCo in a research note on Thursday, February 16th. They set a “neutral” rating and a $180.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $186.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. Wells Fargo & Company increased their price target on shares of PepsiCo from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Argus increased their price target on shares of PepsiCo from $195.00 to $206.00 in a research report on Wednesday, December 7th. Finally, Credit Suisse Group increased their price target on shares of PepsiCo from $175.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.08.

Insiders Place Their Bets

In other PepsiCo news, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $172.47, for a total value of $12,935,250.00. Following the transaction, the director now owns 183,929 shares in the company, valued at $31,722,234.63. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other PepsiCo news, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares of the company’s stock, valued at approximately $8,462,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $172.47, for a total transaction of $12,935,250.00. Following the sale, the director now directly owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $175.13 on Friday. The firm’s 50 day moving average is $173.66 and its two-hundred day moving average is $175.78. PepsiCo, Inc. has a 52 week low of $154.86 and a 52 week high of $186.84. The firm has a market capitalization of $241.20 billion, a P/E ratio of 27.32, a PEG ratio of 3.15 and a beta of 0.53. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 2.06.

PepsiCo (NASDAQ:PEP – Get Rating) last posted its quarterly earnings data on Thursday, February 9th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. PepsiCo had a net margin of 10.31% and a return on equity of 51.34%. The business had revenue of $28 billion for the quarter, compared to analyst estimates of $26.82 billion. During the same quarter last year, the business earned $1.53 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts anticipate that PepsiCo, Inc. will post 7.23 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be given a $1.15 dividend. The ex-dividend date is Thursday, March 2nd. This represents a $4.60 annualized dividend and a yield of 2.63%. PepsiCo’s dividend payout ratio (DPR) is 71.76%.

About PepsiCo

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).