Focused Investors LLC Has $80 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Focused Investors LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 533,550 shares of the company's stock after selling 18,200 shares during the quarter. PepsiCo makes up approximately 2.6% of Focused Investors LLC's holdings, making the stock its 20th largest holding. Focused Investors LLC's holdings in PepsiCo were worth $80,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after acquiring an additional 11,538 shares during the period. Proficio Capital Partners LLC grew its position in PepsiCo by 22.7% in the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after acquiring an additional 824 shares in the last quarter. Choate Investment Advisors raised its stake in shares of PepsiCo by 1.9% during the fourth quarter. Choate Investment Advisors now owns 142,176 shares of the company's stock valued at $21,617,000 after purchasing an additional 2,639 shares during the period. Finally, one8zero8 LLC acquired a new position in shares of PepsiCo during the fourth quarter worth $7,601,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP traded up $0.31 on Monday, hitting $135.57. 8,477,672 shares of the company's stock were exchanged, compared to its average volume of 8,400,400. 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 stock has a fifty day moving average of $131.49 and a two-hundred day moving average of $141.50. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The firm has a market cap of $185.88 billion, a PE ratio of 19.94, a P/E/G ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior 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 fiscal year.

PepsiCo Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays dropped 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. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday. One 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $158.19.

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.