Deutsche Bank AG Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Deutsche Bank AG has increased its stake in PepsiCo, Inc. by 14.3% during the first quarter, owning over 9.2 million shares worth approximately $1.39 billion.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, with an annualized yield of 4.0%, despite a payout ratio of 103.64%.
• Analysts have set varied price targets for PepsiCo stock, with Citigroup raising it from $160 to $168 and Barclays increasing theirs from $132 to $144.

Deutsche Bank AG raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,296,022 shares of the company's stock after buying an additional 1,165,745 shares during the period. PepsiCo comprises about 0.6% of Deutsche Bank AG's investment portfolio, making the stock its 29th biggest holding. Deutsche Bank AG owned approximately 0.68% of PepsiCo worth $1,393,846,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PEP. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the fourth quarter worth $31,000. GKV Capital Management Co. Inc. purchased a new position in PepsiCo during the fourth quarter valued at $38,000. Bridge Generations Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $38,000. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth about $47,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $1.29 during trading hours on Friday, reaching $145.21. 5,313,480 shares of the stock traded hands, compared to its average volume of 9,539,993. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The firm has a market capitalization of $198.80 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 3.83 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company has a 50 day moving average price of $135.71 and a 200 day moving average price of $140.70.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, UBS Group dropped their target price 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. 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.com, the company presently has a consensus rating of "Hold" and an average target price of $158.73.

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.