PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd has increased its stake in PepsiCo by 37.1%, acquiring an additional 46,994 shares to own a total of 173,810 shares worth approximately $25.9 million.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' expectations of $2.03, and achieved a revenue of $22.73 billion for the quarter.
• The company announced a quarterly dividend of $1.4225 per share, scheduled for payment on September 30th, which reflects an annual yield of 3.97%.

Mediolanum International Funds Ltd boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 37.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,810 shares of the company's stock after purchasing an additional 46,994 shares during the quarter. Mediolanum International Funds Ltd's holdings in PepsiCo were worth $25,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter worth about $28,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the first quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $31,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth about $33,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. One investment 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's stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus target price of $158.73.

PepsiCo Price Performance

Shares of PEP traded down $1.06 during trading hours on Friday, hitting $143.45. 6,596,497 shares of the stock were exchanged, compared to its average volume of 10,334,833. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a market cap of $196.39 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 3.82 and a beta of 0.45. The stock's 50-day moving average price is $133.58 and its two-hundred day moving average price is $140.99.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 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 firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the business earned $2.28 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 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.