Livingston Group Asset Management CO operating as Southport Capital Management increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,175 shares of the company’s stock after purchasing an additional 121 shares during the period. PepsiCo makes up 1.7% of Livingston Group Asset Management CO operating as Southport Capital Management’s portfolio, making the stock its 7th largest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in PepsiCo were worth $3,444,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in PepsiCo by 3,272,537.9% during 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 in the last quarter. Fundsmith Equity Fund L.P. bought a new stake in PepsiCo during the 2nd quarter valued at about $836,330,000. Matthew Goff Investment Advisor LLC lifted its holdings in PepsiCo by 10,787.1% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 4,492,767 shares of the company’s stock valued at $41,267,000 after buying an additional 4,451,500 shares in the last quarter. Vanguard Group Inc lifted its holdings in PepsiCo by 1.4% during 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 in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% during 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 in the last quarter. 71.93% of the stock is owned by hedge funds and other institutional investors.

PEP has been the subject of several recent research reports. Macquarie upgraded shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 price target for the company in a report on Tuesday, February 19th. Gabelli restated a “buy” rating on shares of PepsiCo in a report on Tuesday, February 19th. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Morgan Stanley boosted their price target on shares of PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, February 19th. Finally, ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $118.79.

In related news, CEO Vivek Sankaran sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the transaction, the chief executive officer now owns 90,379 shares in the company, valued at approximately $10,599,649.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

NASDAQ PEP opened at $115.66 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.99 and a quick ratio of 0.85. The company has a market cap of $162.42 billion, a P/E ratio of 20.43, a PEG ratio of 2.95 and a beta of 0.64. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.00.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 15th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.52 billion. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. PepsiCo’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 EPS. Research analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $0.9275 per share. The ex-dividend date is Thursday, February 28th. This represents a $3.71 annualized dividend and a dividend yield of 3.21%. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.

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PepsiCo Profile

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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