Joel Isaacson & Co. LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,646 shares of the company’s stock after purchasing an additional 729 shares during the period. Joel Isaacson & Co. LLC’s holdings in PepsiCo were worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Vanguard Group Inc. boosted its position in PepsiCo by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock valued at $13,383,201,000 after buying an additional 1,595,038 shares during the last quarter. Vanguard Group Inc boosted its position in PepsiCo by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock valued at $13,383,201,000 after buying an additional 1,595,038 shares during the last quarter. BlackRock Inc. boosted its position in PepsiCo by 1.0% in the 3rd quarter. BlackRock Inc. now owns 94,826,560 shares of the company’s stock valued at $10,601,611,000 after buying an additional 974,404 shares during the last quarter. Bank of New York Mellon Corp boosted its position in PepsiCo by 3,272,537.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock valued at $2,228,213,000 after buying an additional 19,929,756 shares during the last quarter. Finally, FMR LLC boosted its position in PepsiCo by 4.9% in the 2nd quarter. FMR LLC now owns 10,129,130 shares of the company’s stock valued at $1,102,759,000 after buying an additional 471,913 shares during the last quarter. Hedge funds and other institutional investors own 71.93% of the company’s stock.

Shares of PEP stock opened at $115.66 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 1.94. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.00. The stock has a market cap of $162.42 billion, a PE ratio of 20.43, a P/E/G ratio of 2.95 and a beta of 0.64.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 15th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.52 billion. During the same quarter last year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts anticipate that PepsiCo, Inc. will post 5.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $0.9275 dividend. The ex-dividend date is Thursday, February 28th. This represents a $3.71 dividend on an annualized basis and a yield of 3.21%. PepsiCo’s dividend payout ratio is currently 65.55%.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $117.28, for a total value of $1,524,640.00. Following the transaction, the chief executive officer now owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.

A number of equities analysts have weighed in on the stock. Credit Suisse Group assumed coverage on shares of PepsiCo in a research report on Wednesday, March 6th. They issued an “underperform” rating and a $100.00 price objective for the company. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Gabelli reissued a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. Morgan Stanley upped their price objective on shares of PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, February 19th. Finally, Cowen increased their price target on shares of PepsiCo from $124.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. PepsiCo currently has an average rating of “Hold” and a consensus price target of $118.79.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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