Clarkston Capital Partners LLC Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

Clarkston Capital Partners LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,624 shares of the company’s stock after purchasing an additional 669 shares during the period. Clarkston Capital Partners LLC’s holdings in PepsiCo were worth $27,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Assenagon Asset Management S.A. increased its holdings in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after purchasing an additional 870,451 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after acquiring an additional 4,712 shares during the last quarter. Guinness Asset Management LTD raised its holdings in shares of PepsiCo by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock worth $188,031,000 after acquiring an additional 61,541 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after acquiring an additional 8,759 shares during the last quarter. Finally, Everence Capital Management Inc. grew its holdings in shares of PepsiCo by 48.2% in the fourth quarter. Everence Capital Management Inc. now owns 56,089 shares of the company’s stock valued at $8,529,000 after purchasing an additional 18,250 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PepsiCo 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 stock has a market cap of $201.05 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The firm has a 50-day moving average of $149.33 and a two-hundred day moving average of $157.07. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

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

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. HSBC lowered their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. Evercore ISI lowered their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.