OVERSEA CHINESE BANKING Corp Ltd Acquires 1,927 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd increased its stake in PepsiCo, Inc. by 8.1% during the first quarter, holding 25,710 shares valued at $3.85 million as of the latest SEC filing.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share to be paid on September 30th, with an annualized dividend yield of 4.1%.
• Analysts have varied opinions on PepsiCo, with price target adjustments reflecting a consensus average of $158.73 and a consensus rating of "Hold" among market analysts.

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,710 shares of the company's stock after buying an additional 1,927 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in PepsiCo were worth $3,854,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth about $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth about $38,000. Bridge Generations Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $38,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $47,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on PEP shares. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One research 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 MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $0.29 on Tuesday, reaching $139.85. 816,919 shares of the stock were exchanged, compared to its average volume of 8,540,271. The firm's 50 day moving average is $134.83 and its 200-day moving average is $140.77. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $191.47 billion, a PE ratio of 25.52, a P/E/G ratio of 3.71 and a beta of 0.45.

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

PepsiCo Announces Dividend

The business 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 $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's dividend payout ratio 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.