<div id="readability-page-1"><p>Fred Alger Management LLC reduced its stake in  PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 79.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,512 shares of the company's stock after selling 39,919 shares during the quarter. Fred Alger Management LLC's holdings in PepsiCo were worth $1,613,000 at the end of the most recent reporting period.</p><ul><li>Institutions Skipped the Rally: Where the Money Went</li></ul><p>Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in  PepsiCo in the 4th quarter valued at approximately $2,729,565,000.  Raymond James Financial Inc. purchased a new position in  PepsiCo in the fourth quarter valued at $589,307,000.  Charles Schwab Investment Management Inc. grew its stake in  PepsiCo by 18.1% during 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 in the last quarter.  Vanguard Group Inc. raised its position in  PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter.  Finally, Van ECK Associates Corp boosted its stake in shares of  PepsiCo by 360.0% in the 4th quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock valued at $258,158,000 after buying an additional 1,328,672 shares during the period. Institutional investors and hedge funds own  73.07% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, January 22nd. HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a &#34;hold&#34; rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase &amp; Co. raised their price target on PepsiCo from $158.00 to $159.00 and gave the company a &#34;neutral&#34; rating in a research note on Monday, April 21st. Evercore ISI  set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Finally, Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an &#34;equal weight&#34; rating for the company in a report on Friday, April 25th. One research analyst  has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned  a buy rating to the stock. According to data from MarketBeat, PepsiCo  has a consensus rating of &#34;Hold&#34; and a consensus target price of $160.69.</p><ul><li>3 Quality Stocks You Can Buy At a Discount</li></ul><p><b>Read Our Latest Research Report on PepsiCo</b></p><h2>PepsiCo Stock Down 0.8 %</h2><p>PEP opened at $130.44 on Friday. PepsiCo, Inc. has a 12 month low of $130.16 and a 12 month high of $183.41. The business has a 50-day moving average of $143.73 and a two-hundred day moving average of $150.88. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $178.84 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. </p><ul><li>Recession Prep: Consumer Staples are Back</li></ul><p>PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS.  On average, research analysts expect that  PepsiCo, Inc. will post 8.3 earnings per share for the current year. </p><h2>PepsiCo Increases Dividend</h2><p>The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.36%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%. </p><h2>PepsiCo Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than PepsiCo</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>GlobalFoundries Stock Hits Bottom: Is a Rebound Coming?</li><li>Russell 2000 Index, How Investors Use it For Profitable Trading</li><li>Here's The Reason Goldman Sachs Is Bullish On MercadoLibre Stock</li><li>High Dividend REITs: Are They an Ideal Way to Diversify?</li><li>Analyst-Favorite Bitcoin Miner CleanSpark: Worth the Hype?</li></ul><p><strong>Want to see what other hedge funds are holding PEP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PepsiCo Right Now?</h2><p>Before you consider PepsiCo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PepsiCo wasn't on the list.</p><p>While PepsiCo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Fred Alger Management LLC significantly reduced its stake in PepsiCo, Inc. by 79.2% in Q4, now holding 10,512 shares after selling 39,919 shares. Other institutional investors also adjusted their positions, with Norges Bank acquiring a new stake valued at approximately $2.73 billion. Analysts have set new price targets for PepsiCo, with a consensus rating of "Hold" and a target price of $160.69. PepsiCo's stock opened at $130.44, with a recent quarterly EPS of $1.48, slightly missing estimates. The company announced a dividend increase to $1.4225, yielding 4.36%.</p>

PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Fred Alger Management LLC