LGT Capital Partners LTD. Has $5.96 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• LGT Capital Partners LTD. reduced its stake in PepsiCo, Inc. by 48.6% during the first quarter, selling 37,648 shares and retaining 39,750 shares, valued at approximately $5.96 million.
• PepsiCo recently reported $2.12 earnings per share (EPS), exceeding analysts' expectations of $2.03, and had revenue of $22.73 billion for the quarter.
• The company declared a quarterly dividend of $1.4225 per share, with a dividend yield of 4.1%, set to be paid on September 30th.

LGT Capital Partners LTD. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 48.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,750 shares of the company's stock after selling 37,648 shares during the period. LGT Capital Partners LTD.'s holdings in PepsiCo were worth $5,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of PepsiCo by 19,106.5% during 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 in 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 worth $527,034,000 after acquiring an additional 1,809,391 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in PepsiCo during the 4th quarter valued at approximately $221,297,000. Northern Trust Corp boosted its stake in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after purchasing an additional 1,306,818 shares during the period. Finally, APG Asset Management N.V. boosted its stake in PepsiCo by 292.9% during the 4th quarter. APG Asset Management N.V. now owns 1,559,081 shares of the company's stock valued at $228,946,000 after purchasing an additional 1,162,315 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. 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 report on Thursday, July 10th. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Trading Down 0.0%

Shares of NASDAQ PEP traded down $0.02 during midday trading on Tuesday, hitting $139.54. The stock had a trading volume of 999,670 shares, compared to its average volume of 8,541,308. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market cap of $191.04 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. The company's 50-day simple moving average is $134.83 and its 200 day simple moving average is $140.77.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

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.