Ninety One UK Ltd Has $14.61 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ninety One UK Ltd raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,409 shares of the company's stock after acquiring an additional 7,166 shares during the period. Ninety One UK Ltd's holdings in PepsiCo were worth $14,606,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in PepsiCo in the 4th quarter valued at $28,000. Elite Financial Inc. purchased a new stake in PepsiCo during the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the fourth quarter worth $31,000. Finally, Summit Securities Group LLC bought a new position in PepsiCo during the fourth quarter valued at $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on PEP. Morgan Stanley lowered their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Citigroup reduced their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group cut 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. Bank of America lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $159.75.

PepsiCo Stock Up 0.4%

NASDAQ:PEP opened at $135.04 on Wednesday. The firm has a market capitalization of $185.15 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 4.21 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The stock's 50 day moving average price is $131.43 and its two-hundred day moving average price is $141.93. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 earnings per share. Equities research analysts expect 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. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

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.

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