Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 270,938 shares of the company's stock after purchasing an additional 6,112 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in PepsiCo were worth $40,624,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Asset Management One Co. Ltd. grew its holdings in PepsiCo by 3.6% in the first 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 during the last quarter. Ossiam grew its stake in PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. boosted its holdings in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth about $47,899,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PEP shares. Citigroup cut their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bank of America decreased their target price 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. 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 dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $159.75.

PepsiCo Stock Down 0.7%

PEP traded down $0.91 during trading hours on Friday, hitting $135.58. 4,941,378 shares of the company's stock were exchanged, compared to its average volume of 7,048,532. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The firm has a market cap of $185.88 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 4.27 and a beta of 0.45. The firm has a 50 day moving average of $131.36 and a 200 day moving average of $142.40.

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

PepsiCo Increases Dividend

The company 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 represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

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.