Tokio Marine Asset Management Co. Ltd. Acquires 2,300 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in PepsiCo by 6.0%, now holding 40,587 shares valued at approximately $6.1 million.
• PepsiCo's recent earnings report showed an EPS of $2.12, exceeding analysts' expectations and reflecting a 1.0% year-over-year revenue increase to $22.73 billion.
• The company announced a quarterly dividend of $1.4225, representing an annual yield of 3.9%, with a payout ratio of 103.64%.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,587 shares of the company's stock after purchasing an additional 2,300 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in PepsiCo were worth $6,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after buying an additional 21,859 shares during the last quarter. Ignite Planners LLC raised its stake in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Ossiam raised its stake in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in PepsiCo in the 1st quarter valued at about $3,633,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares during the period. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on PEP shares. Citigroup raised their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. One equities research 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. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Down 0.5%

PEP stock traded down $0.73 during midday trading on Thursday, reaching $148.62. 6,890,929 shares of the company's stock traded hands, compared to its average volume of 8,969,319. The company has a market cap of $203.47 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.98 and a beta of 0.45. The firm's fifty day moving average price is $136.99 and its 200-day moving average price is $140.63. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio is presently 103.64%.

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.