PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 5.0% in Q1, owning 26,475,241 shares worth approximately $3.97 billion.
• PepsiCo has a current consensus rating of "Hold" among analysts, with a majority recommending the stock maintain its position; the consensus target price is $158.73.
• The company announced a quarterly dividend of $1.4225 per share, which equates to an annualized payout of $5.69 and a dividend yield of 4.0%.

Charles Schwab Investment Management Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,475,241 shares of the company's stock after purchasing an additional 1,258,198 shares during the quarter. PepsiCo comprises approximately 0.7% of Charles Schwab Investment Management Inc.'s investment portfolio, making the stock its 27th biggest holding. Charles Schwab Investment Management Inc. owned about 1.93% of PepsiCo worth $3,969,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PEP. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the first quarter valued at $28,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo during the fourth quarter valued at $31,000. GKV Capital Management Co. Inc. acquired a new position in PepsiCo during the fourth quarter valued at $38,000. Bridge Generations Wealth Management LLC acquired a new position in PepsiCo during the fourth quarter valued at $38,000. Finally, Sunbeam Capital Management LLC acquired a new position in PepsiCo during the fourth quarter valued at $47,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PEP. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Citigroup boosted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One 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 company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Up 0.9%

Shares of PepsiCo stock traded up $1.29 during trading on Friday, hitting $145.21. 5,313,480 shares of the stock were exchanged, compared to its average volume of 9,539,993. The firm's 50-day moving average price is $135.71 and its 200 day moving average price is $140.70. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $198.80 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the business earned $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's payout ratio is presently 103.64%.

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.