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

Yacktman Asset Management LP lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,113,106 shares of the company's stock after acquiring an additional 10,434 shares during the period. PepsiCo accounts for approximately 4.2% of Yacktman Asset Management LP's holdings, making the stock its 7th biggest holding. Yacktman Asset Management LP owned 0.15% of PepsiCo worth $316,839,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter worth about $28,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the first quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $31,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $33,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.6%

PEP traded down $0.82 during trading on Friday, hitting $135.26. The stock had a trading volume of 7,958,563 shares, compared to its average volume of 7,089,911. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The stock has a 50 day simple moving average of $131.46 and a two-hundred day simple moving average of $141.78. 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 capitalization of $185.45 billion, a PE ratio of 19.89, a PEG ratio of 4.21 and a beta of 0.45.

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

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PEP shares. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America reduced their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Morgan Stanley cut their price objective 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. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.