PepsiCo (PEP) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado grew its position in shares of PepsiCo (NASDAQ:PEP) by 6.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,223,209 shares of the company’s stock after buying an additional 70,103 shares during the quarter. PepsiCo comprises about 0.9% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 16th largest position. Public Employees Retirement Association of Colorado’s holdings in PepsiCo were worth $146,687,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PEP. Prudential Financial Inc. lifted its holdings in PepsiCo by 26.1% during the 3rd quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after buying an additional 899,911 shares during the last quarter. SG Americas Securities LLC lifted its holdings in PepsiCo by 3,234.3% during the 4th quarter. SG Americas Securities LLC now owns 471,207 shares of the company’s stock worth $56,507,000 after buying an additional 457,075 shares during the last quarter. APG Asset Management N.V. lifted its holdings in PepsiCo by 6.6% during the 4th quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock worth $669,989,000 after buying an additional 413,900 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in PepsiCo by 16.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,989,202 shares of the company’s stock worth $238,634,000 after buying an additional 284,979 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in PepsiCo by 3.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock worth $974,344,000 after buying an additional 252,631 shares during the last quarter. 70.95% of the stock is currently owned by institutional investors.

PEP opened at $108.31 on Friday. PepsiCo has a 12 month low of $105.94 and a 12 month high of $122.51. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. The company has a market capitalization of $155,287.28, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66.



PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The firm had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $19.40 billion. During the same period last year, the firm earned $1.20 EPS. The firm’s revenue was up .1% compared to the same quarter last year. research analysts expect that PepsiCo will post 5.7 earnings per share for the current fiscal year.

PepsiCo announced that its board has approved a stock repurchase plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were given a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Thursday, March 1st. PepsiCo’s dividend payout ratio is currently 61.57%.

Several analysts recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a report on Friday, December 22nd. BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Jefferies Group reissued a “hold” rating and issued a $113.00 price target on shares of PepsiCo in a report on Tuesday, February 13th. SunTrust Banks cut their price target on PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $123.04.

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About PepsiCo

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

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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