Vontobel Holding Ltd. lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 23.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,472 shares of the company’s stock after selling 102,779 shares during the quarter. Vontobel Holding Ltd.’s holdings in PepsiCo were worth $61,157,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Moneta Group Investment Advisors LLC increased its position in shares of PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares during the last quarter. Norges Bank purchased a new stake in PepsiCo in the 4th quarter worth approximately $2,519,707,000. Morgan Stanley increased its holdings in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after acquiring an additional 4,629,947 shares in the last quarter. Cottage Street Advisors LLC increased its holdings in PepsiCo by 16,362.5% in the 4th quarter. Cottage Street Advisors LLC now owns 3,272,900 shares of the company’s stock worth $361,000 after acquiring an additional 3,253,019 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in PepsiCo by 99.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,174,183 shares of the company’s stock worth $741,889,000 after acquiring an additional 2,085,204 shares in the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on PEP shares. Wells Fargo & Company increased their target price on shares of PepsiCo from $187.00 to $196.00 in a report on Wednesday, April 26th. StockNews.com initiated coverage on shares of PepsiCo in a report on Thursday, May 18th. They issued a “buy” rating for the company. Barclays increased their price objective on shares of PepsiCo from $201.00 to $206.00 in a report on Thursday, April 27th. Morgan Stanley increased their price objective on shares of PepsiCo from $200.00 to $210.00 in a report on Tuesday, April 25th. Finally, UBS Group increased their price objective on shares of PepsiCo from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $190.25.
PepsiCo Stock Down 0.7 %
PepsiCo (NASDAQ:PEP – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The company had revenue of $17.85 billion during the quarter, compared to the consensus estimate of $17.27 billion. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. PepsiCo’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 7.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 2nd will be given a $1.265 dividend. The ex-dividend date is Thursday, June 1st. This is an increase from PepsiCo’s previous quarterly dividend of $1.15. This represents a $5.06 dividend on an annualized basis and a yield of 2.72%. PepsiCo’s dividend payout ratio (DPR) is currently 106.53%.
PepsiCo Company Profile
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
Further Reading
- Get a free research report on PepsiCo from StockNews.com
- CarMax Stock Flying On Earnings Beat, Return Of The Highs?
- Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
- Smith & Wesson, A Timeless Value Play At Decade Lows
- Wayfair: From Steep Decline to Recent Surge
- Five stocks we like better than PepsiCo
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.
