Brown Brothers Harriman & Co. Buys 6,126 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Brown Brothers Harriman & Co. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 196,963 shares of the company’s stock after buying an additional 6,126 shares during the period. Brown Brothers Harriman & Co.’s holdings in PepsiCo were worth $29,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in PepsiCo in the fourth quarter valued at approximately $2,729,565,000. Raymond James Financial Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. State Street Corp grew its stake in shares of PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares during the period. Finally, Franklin Resources Inc. increased its holdings in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $149.27 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a fifty day simple moving average of $149.25 and a 200 day simple moving average of $158.17. The stock has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share 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 company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the company earned $1.78 EPS. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $169.88.

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.