Czech National Bank Has $47.23 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Czech National Bank grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,012 shares of the company's stock after buying an additional 17,537 shares during the quarter. Czech National Bank's holdings in PepsiCo were worth $47,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $2,729,565,000. GAMMA Investing LLC increased its position in shares of PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in PepsiCo during the fourth quarter valued at approximately $221,297,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Barclays lowered their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, Wall Street Zen cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.54 during trading hours on Monday, hitting $130.91. 6,722,029 shares of the company traded hands, compared to its average volume of 6,552,418. The stock has a market capitalization of $179.49 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The firm has a 50-day moving average of $137.98 and a 200 day moving average of $147.02. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its 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 net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.61 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.35%. PepsiCo's dividend payout ratio is currently 83.68%.

PepsiCo 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.