PepsiCo, Inc. (NASDAQ:PEP) Holdings Lifted by Yacktman Asset Management LP

Yacktman Asset Management LP increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,113,106 shares of the company's stock after purchasing an additional 10,434 shares during the period. PepsiCo accounts for about 4.2% of Yacktman Asset Management LP's investment portfolio, making the stock its 7th largest holding. Yacktman Asset Management LP owned 0.15% of PepsiCo worth $316,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TAGStone Capital Inc. raised its stake in shares of PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after acquiring an additional 70 shares in the last quarter. Lokken Investment Group LLC increased its holdings in PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after buying an additional 70 shares during the period. Legacy Financial Group LLC increased its holdings in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after buying an additional 71 shares during the period. Atlantic Private Wealth LLC grew its holdings in PepsiCo by 37.5% in the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock worth $42,000 after purchasing an additional 75 shares during the last quarter. Finally, Pflug Koory LLC grew its holdings in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ PEP traded down $0.56 during trading hours on Wednesday, hitting $134.48. 7,759,078 shares of the company's stock traded hands, compared to its average volume of 7,075,333. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a market capitalization of $184.38 billion, a PE ratio of 19.78, a PEG ratio of 4.21 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm's 50-day moving average is $131.43 and its 200-day moving average is $141.93.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the company earned $1.61 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio is currently 83.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. UBS Group dropped 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. Barclays dropped their price objective 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. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Bank of America decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $159.75.

PepsiCo 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.