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

OVERSEA CHINESE BANKING Corp Ltd raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,710 shares of the company's stock after buying an additional 1,927 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in PepsiCo were worth $3,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Asset Management One Co. Ltd. increased its holdings in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ossiam increased its holdings in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after acquiring an additional 6,112 shares in the last quarter. Finally, Hutner Capital Management Inc. increased its holdings in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after acquiring an additional 6,865 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP traded down $1.58 during mid-day trading on Friday, reaching $143.86. The company's stock had a trading volume of 7,844,653 shares, compared to its average volume of 7,205,489. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The stock has a market cap of $197.25 billion, a P/E ratio of 21.18, a PEG ratio of 4.23 and a beta of 0.45. The business has a 50-day simple moving average of $131.97 and a two-hundred day simple moving average of $141.24. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm posted $2.28 earnings per share. The business's revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PEP shares. JPMorgan Chase & Co. lowered 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. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. UBS Group decreased their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $159.25.

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.