PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 439,208 shares of the company's stock after buying an additional 4,068 shares during the quarter. D.A. Davidson & CO.'s holdings in PepsiCo were worth $65,855,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of PepsiCo in the 4th quarter valued at $2,729,565,000. GAMMA Investing LLC increased its holdings in shares of PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the period. Raymond James Financial Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $589,307,000. Assenagon Asset Management S.A. increased its stake in PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after buying an additional 1,809,391 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PepsiCo in the 4th quarter valued at $221,297,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 0.7%

Shares of PEP stock traded down $0.91 during trading hours on Friday, hitting $135.58. 4,941,378 shares of the company were exchanged, compared to its average volume of 7,059,939. The firm has a market cap of $185.88 billion, a PE ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The firm has a fifty day moving average of $131.40 and a 200 day moving average of $142.26.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $159.75.

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.