Oregon Public Employees Retirement Fund Buys 38,047 Shares of PepsiCo, Inc. $PEP

by · The Cerbat Gem

Oregon Public Employees Retirement Fund raised its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 32.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,548 shares of the company’s stock after purchasing an additional 38,047 shares during the period. Oregon Public Employees Retirement Fund’s holdings in PepsiCo were worth $21,986,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the first quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new position in shares of PepsiCo during the second quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC boosted its stake in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after buying an additional 207 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Barclays boosted their price objective on shares of PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, December 10th. BNP Paribas Exane dropped their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group increased their price target on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.68.

Read Our Latest Analysis on PEP

PepsiCo Stock Performance

NASDAQ PEP opened at $139.37 on Friday. The firm’s 50 day simple moving average is $145.54 and its 200 day simple moving average is $144.02. The firm has a market capitalization of $190.57 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 4.49 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $160.15.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, December 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

PepsiCo Profile

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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