Robeco Institutional Asset Management B.V. Has $27.39 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 71.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,689 shares of the company's stock after selling 446,586 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in PepsiCo were worth $27,392,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TAGStone Capital Inc. grew its stake in shares of PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares during the period. Lokken Investment Group LLC grew its stake in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after buying an additional 70 shares during the period. Legacy Financial Group LLC grew its stake in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after buying an additional 71 shares during the period. Atlantic Private Wealth LLC grew its stake in shares of PepsiCo by 37.5% in the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after buying an additional 75 shares during the period. Finally, Pflug Koory LLC grew its stake in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America reduced their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Citigroup cut their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $159.75.

PepsiCo Trading Up 2.2%

NASDAQ:PEP opened at $131.04 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $179.67 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. The firm's 50 day moving average is $131.83 and its 200 day moving average is $143.02. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.61 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.34%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is currently 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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