ASR Vermogensbeheer N.V. Purchases Shares of 382,768 PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• ASR Vermogensbeheer N.V. has acquired 382,768 shares of PepsiCo, valued at approximately $57.4 million, making it the 20th largest position in its investment portfolio.
• Recent analysts' ratings for PepsiCo include a downgrade from JPMorgan Chase & Co. with a price target reduction from $150.00 to $139.00, while Morgan Stanley increased its price target from $153.00 to $165.00.
• PepsiCo has announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend of $5.69 and a yield of 4.1%.

ASR Vermogensbeheer N.V. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 382,768 shares of the company's stock, valued at approximately $57,392,000. PepsiCo makes up 0.8% of ASR Vermogensbeheer N.V.'s portfolio, making the stock its 20th biggest position.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after acquiring an additional 11,538 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of PepsiCo by 21.6% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,038 shares of the company's stock worth $1,526,000 after acquiring an additional 1,781 shares during the period. Sierra Summit Advisors LLC boosted its holdings in PepsiCo by 18.2% during the fourth quarter. Sierra Summit Advisors LLC now owns 2,718 shares of the company's stock worth $413,000 after buying an additional 419 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in PepsiCo by 129.7% during the fourth quarter. Bank of Nova Scotia now owns 992,900 shares of the company's stock worth $150,994,000 after buying an additional 560,702 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PEP shares. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup increased their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, fifteen have issued 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 $158.73.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $3.12 during midday trading on Thursday, hitting $143.92. The company's stock had a trading volume of 7,669,729 shares, compared to its average volume of 9,599,806. The business's 50 day simple moving average is $135.19 and its 200 day simple moving average is $140.76. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a market cap of $197.04 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 3.75 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 released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the business earned $2.28 earnings per share. PepsiCo's revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

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.