Alaska Permanent Fund Corp Purchases 1,030 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Alaska Permanent Fund Corp lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 63,050 shares of the company’s stock after acquiring an additional 1,030 shares during the quarter. Alaska Permanent Fund Corp’s holdings in PepsiCo were worth $10,708,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA boosted its holdings in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo in the 4th quarter worth about $34,000. Naples Money Management LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $39,000. Finally, Avion Wealth boosted its holdings in shares of PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on PEP. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Barclays increased their price target on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.33.

PepsiCo Stock Up 1.5 %

Shares of PEP stock traded up $2.63 during mid-day trading on Thursday, reaching $180.04. 1,212,520 shares of the company’s stock traded hands, compared to its average volume of 5,790,548. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a market cap of $247.47 billion, a P/E ratio of 26.68, a P/E/G ratio of 2.69 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company’s 50-day moving average price is $169.04 and its 200-day moving average price is $167.70.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is 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.