National Pension Service Has $431.42 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• The National Pension Service increased its stake in PepsiCo by 6.3%, acquiring an additional 171,047 shares to reach a total of 2,877,251 shares valued at approximately $431 million.
• PepsiCo reported a quarterly EPS of $2.12, surpassing the consensus estimate of $2.03, with revenues of $22.73 billion, slightly above analysts' expectations.
• The company announced a quarterly dividend of $1.4225 per share, reflecting a dividend yield of 3.9% with a payout ratio of 103.64%.

National Pension Service grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,877,251 shares of the company's stock after buying an additional 171,047 shares during the period. National Pension Service owned approximately 0.21% of PepsiCo worth $431,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after purchasing an additional 11,538 shares during the period. LaSalle St. Investment Advisors LLC lifted its stake in shares of PepsiCo by 2.9% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 3,007 shares of the company's stock valued at $457,000 after purchasing an additional 85 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of PepsiCo in the 4th quarter valued at $10,402,000. Finally, Rossby Financial LCC acquired a new position in shares of PepsiCo in the 4th quarter valued at $211,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Down 0.5%

Shares of NASDAQ PEP traded down $0.73 during mid-day trading on Thursday, hitting $148.62. The company had a trading volume of 6,890,929 shares, compared to its average volume of 8,484,457. The company has a market capitalization of $203.47 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 3.91 and a beta of 0.45. The firm has a 50-day simple moving average of $136.99 and a two-hundred day simple moving average of $140.63. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is presently 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.