Victory Capital Management Inc. Has $328.75 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Victory Capital Management Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,192,523 shares of the company's stock after acquiring an additional 58,761 shares during the quarter. Victory Capital Management Inc. owned about 0.16% of PepsiCo worth $328,747,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its stake in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ossiam raised its stake in shares of PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings 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 acquiring an additional 13,461 shares during the period. Graybill Wealth Management LTD. acquired a new stake in shares of PepsiCo during the 1st quarter valued at about $3,633,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock valued at $40,624,000 after acquiring an additional 6,112 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 7.5%

PEP stock traded up $10.17 during trading on Thursday, hitting $145.52. The company had a trading volume of 20,624,702 shares, compared to its average volume of 7,185,619. The firm has a 50-day moving average price of $131.69 and a 200-day moving average price of $141.29. 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 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock has a market cap of $199.52 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 4.18 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm earned $2.28 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $158.00.

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.