Deutsche Bank AG Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

Deutsche Bank AG increased its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,130,277 shares of the company’s stock after purchasing an additional 103,271 shares during the quarter. Deutsche Bank AG owned 0.59% of PepsiCo worth $1,236,290,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in 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 worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the period. Geode Capital Management LLC lifted its position in PepsiCo by 1.9% during 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. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 acquiring an additional 3,856,193 shares during the last quarter. Norges Bank purchased a new position in PepsiCo during the 4th quarter valued at $2,729,565,000. Finally, Northern Trust Corp increased its stake in 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 period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $131.91 on Thursday. PepsiCo, Inc. has a 52-week low of $130.16 and a 52-week high of $183.41. The stock has a market capitalization of $180.85 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock’s fifty day simple moving average is $144.69 and its 200-day simple moving average is $151.64.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is 79.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $160.69.

View Our Latest Stock Analysis on PEP

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.

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