Penserra Capital Management LLC Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Penserra Capital Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 70.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,128 shares of the company's stock after acquiring an additional 2,541 shares during the quarter. Penserra Capital Management LLC's holdings in PepsiCo were worth $917,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PEP. Vanguard Group Inc. raised its holdings in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC raised its holdings in PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after buying an additional 582,254 shares during the last quarter. Norges Bank bought a new stake in PepsiCo during the 4th quarter valued at $2,729,565,000. Northern Trust Corp raised its holdings in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after buying an additional 49,699 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PEP traded down $0.82 during trading on Friday, reaching $135.26. 7,958,581 shares of the company traded hands, compared to its average volume of 7,077,247. The firm has a fifty day simple moving average of $131.49 and a 200 day simple moving average of $141.65. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The company has a market cap of $185.45 billion, a P/E ratio of 19.89, a PEG ratio of 4.26 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the business posted $1.61 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.21%. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday. Citigroup dropped their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Barclays dropped their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $158.19.

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.