PepsiCo, Inc. $PEP Shares Bought by BI Asset Management Fondsmaeglerselskab A S

Key Points

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BI Asset Management Fondsmaeglerselskab A S raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,506 shares of the company's stock after purchasing an additional 8,722 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in PepsiCo were worth $37,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in PEP. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares during the last quarter. Wealth Dimensions Group Ltd. grew its stake in PepsiCo by 4.1% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,222 shares of the company's stock worth $490,000 after buying an additional 128 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in PepsiCo by 36.9% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 202,872 shares of the company's stock worth $30,849,000 after buying an additional 54,700 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in PepsiCo by 2.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 487,881 shares of the company's stock worth $74,187,000 after buying an additional 11,255 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.6%

PEP opened at $149.55 on Tuesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business has a 50 day simple moving average of $137.79 and a 200-day simple moving average of $140.48. The stock has a market capitalization of $204.75 billion, a P/E ratio of 27.24, a P/E/G ratio of 4.01 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.28 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research reports. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. Finally, Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus 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.

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