PepsiCo, Inc. (NASDAQ:PEP) Position Raised by NN Investment Partners Holdings N.V.


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NN Investment Partners Holdings N.V. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 23.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 460,123 shares of the company’s stock after buying an additional 87,614 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in PepsiCo were worth $62,313,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Magellan Asset Management Ltd increased its holdings in shares of PepsiCo by 32.1% during the fourth quarter. Magellan Asset Management Ltd now owns 13,983,914 shares of the company’s stock valued at $2,073,814,000 after purchasing an additional 3,396,536 shares during the period. Norges Bank acquired a new position in shares of PepsiCo during the fourth quarter valued at $2,066,514,000. Morgan Stanley increased its holdings in shares of PepsiCo by 9.5% during the fourth quarter. Morgan Stanley now owns 12,927,926 shares of the company’s stock valued at $1,917,210,000 after purchasing an additional 1,122,678 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of PepsiCo by 13.3% during the fourth quarter. Nuveen Asset Management LLC now owns 11,188,907 shares of the company’s stock valued at $1,659,315,000 after purchasing an additional 1,312,672 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,503,015 shares of the company’s stock worth $1,557,593,000 after acquiring an additional 731,839 shares during the period. Institutional investors own 69.94% of the company’s stock.

PEP traded down $0.43 on Tuesday, hitting $145.36. The company had a trading volume of 149,515 shares, compared to its average volume of 5,645,717. The company’s fifty day moving average price is $141.53 and its 200 day moving average price is $140.48. PepsiCo, Inc. has a 1-year low of $126.53 and a 1-year high of $148.77. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The stock has a market cap of $200.83 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.09. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The firm had revenue of $14.82 billion during the quarter, compared to analyst estimates of $14.54 billion. During the same period in the previous year, the company earned $1.07 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th were given a $1.0225 dividend. This represents a $4.09 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, March 4th. PepsiCo’s dividend payout ratio is currently 73.96%.

PEP has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on PepsiCo in a report on Tuesday, January 19th. They set an “underperform” rating and a $136.00 target price on the stock. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Friday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $145.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 22nd. Barclays raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research note on Monday, March 29th. Finally, Royal Bank of Canada cut PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a research note on Monday, January 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $149.23.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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