BLI Banque de Luxembourg Investments Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

BLI Banque de Luxembourg Investments acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 486,973 shares of the company's stock, valued at approximately $73,849,000. PepsiCo accounts for 2.0% of BLI Banque de Luxembourg Investments' holdings, making the stock its 10th biggest holding.

A number of other institutional investors have also recently made changes to their positions in PEP. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Collier Financial purchased a new stake in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $1.76 during mid-day trading on Monday, reaching $131.99. 8,967,952 shares of the company traded hands, compared to its average volume of 6,235,702. The company's 50 day moving average price is $145.55 and its 200-day moving average price is $151.92. 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 firm has a market cap of $180.97 billion, a PE ratio of 18.99, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52 week low of $131.52 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

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.