PepsiCo, Inc. $PEP Shares Acquired by Credit Agricole S A

Key Points

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Credit Agricole S A increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 521,191 shares of the company's stock after acquiring an additional 96,951 shares during the period. Credit Agricole S A's holdings in PepsiCo were worth $78,147,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the period. Northern Trust Corp increased its stake in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the period. Bank of New York Mellon Corp increased its stake in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after buying an additional 49,699 shares during the period. Finally, Invesco Ltd. increased its stake in PepsiCo by 4.5% during the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after buying an additional 491,894 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PEP shares. Wells Fargo & Company raised their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.73.

PepsiCo Trading Down 0.6%

Shares of PEP stock opened at $149.55 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The firm's fifty day simple moving average is $137.79 and its 200 day simple moving average is $140.48. The firm has a market capitalization of $204.75 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 4.01 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (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 for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 earnings per share. PepsiCo's revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo's payout ratio is 103.64%.

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.

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