DekaBank Deutsche Girozentrale Buys 7,093 Shares of PepsiCo, Inc. (NASDAQ:PEP)

DekaBank Deutsche Girozentrale boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,764,254 shares of the company's stock after buying an additional 7,093 shares during the quarter. PepsiCo accounts for approximately 0.8% of DekaBank Deutsche Girozentrale's holdings, making the stock its 19th biggest holding. DekaBank Deutsche Girozentrale owned about 0.20% of PepsiCo worth $414,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $28,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth approximately $31,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $33,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.4%

Shares of NASDAQ PEP traded up $0.59 on Tuesday, reaching $135.04. 7,714,987 shares of the company's stock traded hands, compared to its average volume of 7,065,402. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The business's 50 day simple moving average is $131.42 and its two-hundred day simple moving average is $141.98. The company has a market cap of $185.15 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the firm earned $1.61 EPS. The business's revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.21%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Bank of America lowered their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Citigroup cut their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $159.75.

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.