Acadian Asset Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,019,716 shares of the company’s stock after selling 579,412 shares during the period. PepsiCo makes up about 1.1% of Acadian Asset Management LLC’s holdings, making the stock its 14th biggest holding. Acadian Asset Management LLC’s holdings in PepsiCo were worth $223,136,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. LPL Financial LLC boosted its position in PepsiCo by 10.4% in the 4th quarter. LPL Financial LLC now owns 530,696 shares of the company’s stock valued at $58,631,000 after buying an additional 50,025 shares during the last quarter. Spectrum Management Group Inc. raised its stake in shares of PepsiCo by 26.2% in the 4th quarter. Spectrum Management Group Inc. now owns 1,319 shares of the company’s stock valued at $146,000 after purchasing an additional 274 shares in the last quarter. BancorpSouth Bank raised its stake in shares of PepsiCo by 8.5% in the 4th quarter. BancorpSouth Bank now owns 36,095 shares of the company’s stock valued at $3,988,000 after purchasing an additional 2,831 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $296,000. Finally, First Trust Advisors LP raised its stake in shares of PepsiCo by 10.5% in the 4th quarter. First Trust Advisors LP now owns 1,032,917 shares of the company’s stock valued at $114,117,000 after purchasing an additional 98,038 shares in the last quarter. 71.79% of the stock is owned by institutional investors.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the firm’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 value of $1,524,640.00. Following the sale, the chief executive officer now owns 90,379 shares in the company, valued at $10,599,649.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Yawman sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $126.42, for a total transaction of $3,193,748.46. Following the completion of the sale, the executive vice president now owns 80,934 shares in the company, valued at approximately $10,231,676.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,494 shares of company stock worth $7,698,345. 0.28% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on PEP. Argus restated a “buy” rating on shares of PepsiCo in a research note on Thursday, April 18th. Bank of America upped their target price on shares of PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Morgan Stanley restated an “overweight” rating and issued a $137.00 target price (up previously from $130.00) on shares of PepsiCo in a research note on Thursday, April 18th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Tuesday, April 23rd. Finally, ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $124.65.

PEP opened at $130.07 on Thursday. The stock has a market cap of $182.33 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 3.39 and a beta of 0.66. PepsiCo, Inc. has a fifty-two week low of $99.61 and a fifty-two week high of $130.87. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.99.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. PepsiCo’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.955 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.82 annualized dividend and a yield of 2.94%. PepsiCo’s dividend payout ratio is 65.55%.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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