PepsiCo, Inc. (NASDAQ:PEP) Position Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,959 shares of the company's stock after acquiring an additional 4,059 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in PepsiCo were worth $15,888,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $2,729,565,000. GAMMA Investing LLC boosted its position in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PepsiCo during the 4th quarter worth $221,297,000. Finally, Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday. Wells Fargo & Company increased their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Trading Down 1.1%

Shares of NASDAQ:PEP traded down $1.54 on Monday, hitting $141.70. 9,002,722 shares of the company's stock were exchanged, compared to its average volume of 7,246,734. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month 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. The business's 50 day simple moving average is $132.23 and its two-hundred day simple moving average is $141.04. The stock has a market capitalization of $194.00 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45.

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

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.02%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 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.