Orion Portfolio Solutions LLC Has $19.78 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Orion Portfolio Solutions LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 130,108 shares of the company’s stock after acquiring an additional 5,924 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in PepsiCo were worth $19,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of PEP. Pictet Asset Management Holding SA boosted its holdings in PepsiCo by 11.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 844,711 shares of the company’s stock worth $128,447,000 after purchasing an additional 87,727 shares during the last quarter. Broadway Wealth Solutions Inc. acquired a new stake in PepsiCo during the fourth quarter worth approximately $377,000. New Age Alpha Advisors LLC lifted its holdings in shares of PepsiCo by 18,688.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 19,540 shares of the company’s stock valued at $2,971,000 after purchasing an additional 19,436 shares in the last quarter. Norges Bank bought a new position in shares of PepsiCo during the 4th quarter worth $2,729,565,000. Finally, Caisse Des Depots ET Consignations bought a new position in PepsiCo in the 4th quarter worth about $256,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $149.67 on Friday. The firm has a fifty day moving average price of $149.23 and a 200 day moving average price of $158.37. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a market cap of $205.27 billion, a P/E ratio of 21.54, a PEG ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share 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 business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the company posted $1.78 EPS. The company’s revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.62%. PepsiCo’s payout ratio is presently 77.99%.

Analyst Ratings Changes

Several research analysts have issued reports on PEP shares. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada started coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price target for the company. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $169.88.

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.