PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the 1st quarter, Holdings Channel reports. The firm owned 630,906 shares of the company’s stock after buying an additional 21,859 shares during the period. Asset Management One Co. Ltd.’s holdings in PepsiCo were worth $94,598,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Norges Bank acquired a new position in shares of PepsiCo in the 4th quarter worth $2,729,565,000. GAMMA Investing LLC boosted its position in shares of PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the period. Raymond James Financial Inc. purchased a new position in PepsiCo in the 4th quarter worth about $589,307,000. Charles Schwab Investment Management Inc. raised its holdings in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock valued at $527,034,000 after buying an additional 1,809,391 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PEP. Citigroup cut their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Morgan Stanley decreased their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $160.69.

PepsiCo Price Performance

Shares of PEP opened at $129.09 on Tuesday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a market cap of $176.99 billion, a PE ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.46. The firm’s 50 day moving average price is $132.83 and its 200 day moving average price is $143.63. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is 83.68%.

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.