PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,906 shares of the company's stock after acquiring an additional 21,859 shares during the period. Asset Management One Co. Ltd.'s holdings in PepsiCo were worth $94,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PEP. Vanguard Group Inc. raised its stake in PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after acquiring an additional 3,856,193 shares in the last quarter. Norges Bank bought a new position in PepsiCo during the fourth quarter worth $2,729,565,000. Finally, Northern Trust Corp boosted its holdings in PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares during the period. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Bank of America lowered 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. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Price Performance

Shares of PEP opened at $129.09 on Tuesday. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The stock's fifty day moving average is $132.83 and its 200-day moving average is $143.63. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a market capitalization of $176.99 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for 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 quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio is 83.68%.

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.

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