44,283 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 44,283 shares of PepsiCo, Inc. in the first quarter, valued at approximately $6.64 million.
• PepsiCo's latest quarterly earnings showed an EPS of $2.12, beating estimates, with a 1.0% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, representing a dividend yield of 4.02% and a payout ratio of 103.64%.

Banque Cantonale Vaudoise purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,283 shares of the company's stock, valued at approximately $6,640,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its stake in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares during the period. Ignite Planners LLC lifted its stake in PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares during the period. Ossiam lifted its stake in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares during the period. Graybill Wealth Management LTD. acquired a new position in PepsiCo in the first quarter valued at approximately $3,633,000. Finally, OMERS ADMINISTRATION Corp lifted its stake in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.55 during trading on Friday, reaching $139.47. The company's stock had a trading volume of 4,595,178 shares, compared to its average volume of 8,573,858. The firm has a market cap of $190.94 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 3.81 and a beta of 0.45. 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 firm has a 50 day moving average of $134.43 and a 200-day moving average of $140.93. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Wells Fargo & Company boosted their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average target price of $158.73.

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.