PKO Investment Management Joint Stock Co purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $4,498,000.
Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of PepsiCo during the fourth quarter valued at $2,729,565,000. GAMMA Investing LLC increased its holdings in shares of PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after buying an additional 4,564,723 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after purchasing an additional 1,809,391 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. Finally, Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $160.69.
View Our Latest Stock Analysis on PepsiCo
PepsiCo Trading Down 1.6%
PEP stock traded down $2.12 during mid-day trading on Tuesday, reaching $129.29. The company's stock had a trading volume of 10,168,765 shares, compared to its average volume of 6,709,135. The company has a market cap of $177.27 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The business's 50 day moving average price is $134.45 and its 200 day moving average price is $144.73. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business posted $1.61 EPS. PepsiCo's revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.
PepsiCo Profile
(
Free Report)
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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