Invesco Ltd. Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Invesco Ltd. increased its stake in PepsiCo, Inc. by 4.5%, now holding approximately 11.33 million shares worth about $1.70 billion, as disclosed in its latest SEC filing.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, translating to an annualized dividend of $5.69 and a yield of 3.9%, with a payout ratio of 103.64%.
• Analysts hold a consensus rating of "Hold" on PepsiCo, with a target price of $158.73, while several firms have adjusted their price targets, indicating mixed expectations for the stock's performance.

Invesco Ltd. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,328,158 shares of the company's stock after acquiring an additional 491,894 shares during the quarter. Invesco Ltd. owned about 0.83% of PepsiCo worth $1,698,544,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the fourth quarter valued at approximately $31,000. GKV Capital Management Co. Inc. purchased a new position in PepsiCo during the fourth quarter valued at approximately $38,000. Bridge Generations Wealth Management LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $38,000. Finally, Sunbeam Capital Management LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Barclays boosted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. UBS Group decreased their price target 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. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $158.73.

PepsiCo Trading Up 0.9%

PEP stock opened at $145.21 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The stock has a market capitalization of $198.80 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45. The firm's fifty day simple moving average is $135.71 and its two-hundred day simple moving average is $140.70.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.