Headlands Technologies LLC Has $4.11 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Headlands Technologies LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.9% in the 4th quarter, Holdings Channel reports. The fund owned 24,191 shares of the company’s stock after purchasing an additional 2,383 shares during the quarter. PepsiCo comprises 1.2% of Headlands Technologies LLC’s portfolio, making the stock its 9th biggest holding. Headlands Technologies LLC’s holdings in PepsiCo were worth $4,109,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 920,032 shares during the period. Northern Trust Corp lifted its position in PepsiCo by 3.7% in the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after purchasing an additional 595,357 shares during the period. California Public Employees Retirement System lifted its position 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 worth $1,641,389,000 after purchasing an additional 1,470,064 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 worth $1,239,629,000 after purchasing an additional 608,321 shares during the period. Finally, Deutsche Bank AG lifted its position in PepsiCo by 2.1% in the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock worth $1,147,922,000 after purchasing an additional 142,243 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $175.58 on Friday. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market cap of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The business has a fifty day moving average of $169.40 and a 200-day moving average of $167.88.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $18.08 billion. During the same period last year, the company posted $1.50 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s payout ratio is 76.09%.

Analyst Ratings Changes

Several research analysts recently commented on PEP shares. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. increased their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.