TIAA Trust National Association Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• TIAA Trust National Association increased its holdings in PepsiCo, Inc. by 48.5% during the first quarter, owning 249,685 shares worth approximately $37.4 million.
• PepsiCo reported an earnings per share (EPS) of $2.12 for the last quarter, exceeding analysts' expectations of $2.03, with revenue of $22.73 billion.
• The company has announced a quarterly dividend of $1.4225 per share, translating to a 4.1% yield with a payout ratio of 103.64%.

TIAA Trust National Association grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 48.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 249,685 shares of the company's stock after buying an additional 81,505 shares during the quarter. TIAA Trust National Association's holdings in PepsiCo were worth $37,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Financial Group LLC grew its holdings in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares in the last quarter. Pflug Koory LLC boosted its position in PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after acquiring an additional 76 shares during the last quarter. Hoge Financial Services LLC grew its stake in PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after acquiring an additional 76 shares in the last quarter. Members Trust Co raised its holdings in PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after acquiring an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC lifted its stake in PepsiCo by 2.3% in the 4th quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $139.28 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $190.69 billion, a P/E ratio of 25.37, a P/E/G ratio of 3.67 and a beta of 0.45. The firm's 50 day moving average price is $134.63 and its 200-day moving average price is $140.89. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Bank of America cut their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.73.

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.

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