RWC Asset Management LLP Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

RWC Asset Management LLP grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,793 shares of the company’s stock after acquiring an additional 8,752 shares during the quarter. PepsiCo comprises about 1.6% of RWC Asset Management LLP’s investment portfolio, making the stock its 17th biggest holding. RWC Asset Management LLP’s holdings in PepsiCo were worth $32,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Waverton Investment Management Ltd grew its position in PepsiCo by 7.2% in the 4th quarter. Waverton Investment Management Ltd now owns 274,611 shares of the company’s stock worth $41,756,000 after purchasing an additional 18,500 shares during the period. Roffman Miller Associates Inc. PA boosted its stake in shares of PepsiCo by 1.0% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 244,645 shares of the company’s stock worth $37,201,000 after buying an additional 2,402 shares during the last quarter. Mainstay Capital Management LLC ADV grew its holdings in shares of PepsiCo by 28.8% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 6,235 shares of the company’s stock worth $948,000 after acquiring an additional 1,393 shares during the period. Conscious Wealth Investments LLC lifted its holdings in PepsiCo by 2.4% in the fourth quarter. Conscious Wealth Investments LLC now owns 14,609 shares of the company’s stock valued at $2,165,000 after acquiring an additional 340 shares during the period. Finally, B&D White Capital Company LLC boosted its position in PepsiCo by 703.5% in the fourth quarter. B&D White Capital Company LLC now owns 72,520 shares of the company’s stock worth $11,027,000 after purchasing an additional 63,495 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PEP shares. UBS Group lowered their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. BNP Paribas decreased their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley cut their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Performance

NASDAQ PEP opened at $153.50 on Monday. The company has a market cap of $210.53 billion, a P/E ratio of 22.09, a P/E/G ratio of 3.09 and a beta of 0.54. The business’s 50 day moving average price is $148.66 and its 200-day moving average price is $162.11. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.53%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

PepsiCo Company 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.