PepsiCo, Inc. (NASDAQ:PEP) is Yacktman Asset Management LP's 7th Largest Position

Yacktman Asset Management LP increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,113,106 shares of the company's stock after buying an additional 10,434 shares during the quarter. PepsiCo comprises approximately 4.2% of Yacktman Asset Management LP's portfolio, making the stock its 7th biggest position. Yacktman Asset Management LP owned about 0.15% of PepsiCo worth $316,839,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter worth about $28,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at about $28,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at about $31,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at about $33,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 1.4%

Shares of PEP traded up $1.88 during midday trading on Thursday, reaching $136.36. 3,210,705 shares of the stock were exchanged, compared to its average volume of 7,065,709. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company's 50 day moving average is $131.41 and its two-hundred day moving average is $141.88. The company has a market capitalization of $186.95 billion, a P/E ratio of 20.06, a PEG ratio of 4.22 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.17%. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $159.75.

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.