PepsiCo, Inc. (NASDAQ:PEP) is Machina Capital S.A.S.'s 7th Largest Position

Machina Capital S.A.S. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 234.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,214 shares of the company's stock after purchasing an additional 17,674 shares during the quarter. PepsiCo makes up about 1.1% of Machina Capital S.A.S.'s investment portfolio, making the stock its 7th largest position. Machina Capital S.A.S.'s holdings in PepsiCo were worth $3,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its holdings in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after acquiring an additional 151 shares during the last quarter. Ossiam lifted its position in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in PepsiCo during the 1st quarter worth $3,633,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.7%

PepsiCo stock traded down $1.06 during trading hours on Friday, hitting $143.45. The stock had a trading volume of 6,596,497 shares, compared to its average volume of 10,334,833. The stock's 50-day moving average price is $133.58 and its 200-day moving average price is $140.99. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $196.39 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 3.82 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm's revenue was up 1.0% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $158.73.

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.