American Century Companies Inc. Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• American Century Companies Inc. increased its stake in PepsiCo by 7.6%, acquiring an additional 176,370 shares, bringing its total holdings to 2,489,506 shares valued at approximately $373 million.
• PepsiCo reported a quarterly EPS of $2.12, exceeding analysts' expectations of $2.03, with revenue of $22.73 billion, also surpassing forecasts.
• The company announced a quarterly dividend of $1.4225 per share, which will be paid on September 30th, offering a yield of 3.8%.

American Century Companies Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,489,506 shares of the company's stock after acquiring an additional 176,370 shares during the period. American Century Companies Inc. owned 0.18% of PepsiCo worth $373,277,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PEP. Legacy Financial Group LLC grew its holdings in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the last quarter. Pflug Koory LLC grew its holdings in PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares during the last quarter. Hoge Financial Services LLC grew its holdings in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares during the last quarter. Members Trust Co grew its holdings in PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after purchasing an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC grew its holdings in PepsiCo by 2.3% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock opened at $148.62 on Friday. The stock has a 50-day moving average price of $136.99 and a 200 day moving average price of $140.63. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market cap of $203.47 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 3.98 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company's revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Ratings Changes

Several research firms have recently weighed in on PEP. Citigroup increased their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $158.73.

About PepsiCo

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.

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