Nissay Asset Management Corp Japan ADV Acquires 15,384 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nissay Asset Management Corp Japan ADV raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 309,918 shares of the company’s stock after buying an additional 15,384 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in PepsiCo were worth $47,383,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter valued at $28,000. Collier Financial purchased a new position in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the fourth quarter worth $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the fourth quarter worth $31,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $130.31 on Wednesday. The stock has a 50 day moving average of $142.80 and a 200 day moving average of $150.32. PepsiCo, Inc. has a 12 month low of $129.75 and a 12 month high of $183.41. The firm has a market cap of $178.67 billion, a PE ratio of 18.75, a PEG ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the company posted $1.61 earnings per share. PepsiCo’s quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts expect 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 will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.37%. PepsiCo’s dividend payout ratio is 83.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $160.69.

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.