PepsiCo, Inc. (NASDAQ:PEP) is Flossbach Von Storch SE's 10th Largest Position

Flossbach Von Storch SE increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,593,834 shares of the company's stock after purchasing an additional 481,298 shares during the quarter. PepsiCo accounts for approximately 3.6% of Flossbach Von Storch SE's holdings, making the stock its 10th biggest position. Flossbach Von Storch SE owned approximately 0.41% of PepsiCo worth $838,739,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Asset Management One Co. Ltd. lifted its holdings 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 acquiring an additional 21,859 shares during the period. Ossiam lifted its holdings 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 acquiring an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings 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 acquiring an additional 13,461 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock valued at $40,624,000 after acquiring an additional 6,112 shares during the period. Finally, Hutner Capital Management Inc. raised its stake in shares of PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after buying an additional 6,865 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.2%

PEP traded up $1.60 during midday trading on Thursday, hitting $136.08. The company's stock had a trading volume of 8,864,567 shares, compared to its average volume of 7,086,428. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm has a market cap of $186.58 billion, a P/E ratio of 20.01, a PEG ratio of 4.21 and a beta of 0.45. The firm has a 50-day moving average price of $131.46 and a two-hundred day moving average price of $141.78. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91.

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). The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.18%. PepsiCo's payout ratio is 83.68%.

Analyst Ratings Changes

PEP has been the subject of several research reports. 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. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $158.50.

About PepsiCo

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.