Robeco Institutional Asset Management B.V. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,037,929 shares of the company’s stock after acquiring an additional 48,727 shares during the period. PepsiCo comprises about 1.0% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 9th biggest position. Robeco Institutional Asset Management B.V. owned about 0.14% of PepsiCo worth $222,530,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in PEP. Wagner Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $109,000. Certified Advisory Corp purchased a new stake in shares of PepsiCo in the fourth quarter worth about $134,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of PepsiCo in the fourth quarter worth about $140,000. Avestar Capital LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $154,000. Finally, Rational Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $168,000. Institutional investors and hedge funds own 69.69% of the company’s stock.
Several equities research analysts have weighed in on PEP shares. Goldman Sachs Group reissued a “sell” rating on shares of PepsiCo in a research note on Tuesday, April 17th. TheStreet cut PepsiCo from a “b-” rating to a “c+” rating in a research note on Thursday, March 1st. BidaskClub cut PepsiCo from a “hold” rating to a “sell” rating in a research note on Friday, April 20th. Barclays reissued a “hold” rating and set a $108.00 price objective on shares of PepsiCo in a research note on Monday, April 30th. Finally, Susquehanna Bancshares set a $130.00 price objective on PepsiCo and gave the stock a “buy” rating in a research note on Friday, May 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $120.36.
PepsiCo opened at $108.99 on Tuesday, according to Marketbeat. The company has a market cap of $153.65 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.51 and a beta of 0.68. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.51. The company has a current ratio of 1.28, a quick ratio of 1.15 and a debt-to-equity ratio of 2.91.
PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 26th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.37 billion. PepsiCo had a return on equity of 62.43% and a net margin of 7.62%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. equities research analysts predict that PepsiCo, Inc. will post 5.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.9275 per share. This is a boost from PepsiCo’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.40%. PepsiCo’s dividend payout ratio is currently 70.94%.
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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