SBI Securities Co. Ltd. Purchases 869 Shares of PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

SBI Securities Co. Ltd. lifted its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.2% in the first quarter, Holdings Channel.com reports. The firm owned 14,846 shares of the company’s stock after purchasing an additional 869 shares during the quarter. SBI Securities Co. Ltd.’s holdings in PepsiCo were worth $2,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PEP. Vanguard Group Inc. lifted its stake in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC lifted its position in PepsiCo by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the last quarter. Norges Bank purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $2,729,565,000. Northern Trust Corp grew its holdings in shares of PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after buying an additional 49,699 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.2%

Shares of NASDAQ PEP opened at $135.57 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a 50-day moving average of $131.56 and a 200 day moving average of $141.38. The stock has a market cap of $185.88 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo’s dividend payout ratio is currently 83.68%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PEP shares. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. UBS Group reduced their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $158.19.

Get Our Latest Analysis on PepsiCo

PepsiCo Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).