United Services Automobile Association Purchases 253 Shares of PepsiCo, Inc. (NASDAQ:PEP)

United Services Automobile Association boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,475 shares of the company’s stock after acquiring an additional 253 shares during the quarter. PepsiCo accounts for approximately 1.6% of United Services Automobile Association’s holdings, making the stock its 18th largest position. United Services Automobile Association’s holdings in PepsiCo were worth $48,731,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Collier Financial bought a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth $31,000. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $34,000. Finally, Human Investing LLC bought a new position in PepsiCo in the fourth quarter valued at about $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Citigroup reduced their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. 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, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Price Performance

PEP stock opened at $145.45 on Monday. The company has a market capitalization of $199.48 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company’s fifty day moving average price is $149.04 and its 200-day moving average price is $158.96. PepsiCo, Inc. has a one year low of $141.51 and a one year 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 released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

PepsiCo 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.