Skandinaviska Enskilda Banken AB publ Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Skandinaviska Enskilda Banken AB increased its holdings in PepsiCo by 0.8%, acquiring an additional 2,144 shares, bringing total ownership to 278,485 shares valued at approximately $41.78 million.
• PepsiCo reported a quarterly earnings per share of $2.12, exceeding analysts' expectations of $2.03, with quarterly revenue amounting to $22.73 billion.
• The company has announced a quarterly dividend of $1.4225 per share, reflecting an annualized dividend of $5.69 and a yield of 3.94%.

Skandinaviska Enskilda Banken AB publ increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 278,485 shares of the company's stock after purchasing an additional 2,144 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in PepsiCo were worth $41,778,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares during the period. Ignite Planners LLC boosted its position in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares during the period. Ossiam boosted its position in PepsiCo by 138.9% during 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 during the period. Graybill Wealth Management LTD. purchased a new stake in PepsiCo during the 1st quarter valued at $3,633,000. Finally, OMERS ADMINISTRATION Corp boosted its holdings in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PEP shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a 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 assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Down 0.7%

PepsiCo stock traded down $1.06 during mid-day trading on Friday, reaching $143.45. The stock had a trading volume of 6,596,497 shares, compared to its average volume of 10,334,833. The company has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 3.85 and a beta of 0.45. The company has a 50-day moving average price of $133.58 and a two-hundred day moving average price of $141.03. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid 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 3.97%. PepsiCo's dividend payout ratio is presently 103.64%.

PepsiCo Company 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.