PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,707 shares of the company’s stock after purchasing an additional 124 shares during the quarter. Silver Oak Securities Incorporated’s holdings in PepsiCo were worth $460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 5.3% in 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 acquiring an additional 920,032 shares during the last quarter. Northern Trust Corp increased its stake in PepsiCo by 3.7% in the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during the last quarter. California Public Employees Retirement System increased its stake in PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in PepsiCo by 9.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock valued at $1,239,629,000 after purchasing an additional 608,321 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in PepsiCo by 2.1% in the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after purchasing an additional 142,243 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEP. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. upped their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Jefferies Financial Group upped their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report 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 MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $175.91 on Wednesday. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The business has a 50-day moving average of $169.74 and a 200-day moving average of $168.16. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company has a market capitalization of $241.84 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.87 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is currently 76.09%.

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.