PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Increased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in PepsiCo by 18.4%, holding 784,085 shares worth approximately $117.57 million as of the end of the most recent quarter.
• PepsiCo reported $2.12 earnings per share for the latest quarter, exceeding analysts' expectations of $2.03, along with a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 3.95%.

Natixis Advisors LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 784,085 shares of the company's stock after buying an additional 121,861 shares during the quarter. Natixis Advisors LLC owned about 0.06% of PepsiCo worth $117,566,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Lokken Investment Group LLC grew its holdings in PepsiCo by 0.9% in the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after purchasing an additional 70 shares during the last quarter. Legacy Financial Group LLC raised its position in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares during the last quarter. Pflug Koory LLC raised its position in shares of PepsiCo by 1.0% during the 1st 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. Hoge Financial Services LLC lifted its stake in PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares in the last quarter. Finally, Members Trust Co increased its position in PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.7%

Shares of PEP stock traded down $1.03 during trading hours on Wednesday, reaching $142.86. The company had a trading volume of 9,730,855 shares, compared to its average volume of 8,992,737. The company has a market capitalization of $195.59 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The stock's fifty day simple moving average is $134.27 and its 200 day simple moving average is $140.98. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PEP shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Citigroup lifted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.