Flossbach Von Storch SE Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Flossbach Von Storch SE increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,593,834 shares of the company's stock after acquiring an additional 481,298 shares during the period. PepsiCo comprises 3.6% of Flossbach Von Storch SE's investment portfolio, making the stock its 10th biggest holding. Flossbach Von Storch SE owned 0.41% of PepsiCo worth $838,739,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PEP. Norges Bank bought a new position in PepsiCo in the 4th quarter worth approximately $2,729,565,000. GAMMA Investing LLC grew its holdings in PepsiCo by 19,106.5% in the 1st 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 during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of PepsiCo by 106.1% during 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 purchasing an additional 1,809,391 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of PepsiCo during the 4th quarter valued at about $221,297,000. Finally, Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.4%

PepsiCo stock traded down $0.56 during midday trading on Wednesday, reaching $134.48. The stock had a trading volume of 7,759,078 shares, compared to its average volume of 7,075,333. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market cap of $184.38 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 4.21 and a beta of 0.45. The firm's fifty day simple moving average is $131.43 and its two-hundred day simple moving average is $141.93.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given 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 4.23%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays lowered their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.