Robeco Institutional Asset Management B.V. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,264,073 shares of the company’s stock after acquiring an additional 88,774 shares during the period. PepsiCo comprises 1.1% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 11th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.16% of PepsiCo worth $271,910,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in PEP. State Street Corp grew its position in PepsiCo by 1.4% in the third quarter. State Street Corp now owns 66,734,823 shares of the company’s stock valued at $9,149,344,000 after acquiring an additional 890,014 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Altfest L J & Co. Inc. now owns 38,245 shares of the company’s stock worth $5,227,000 after purchasing an additional 139 shares during the last quarter. Summit Financial Group Inc. grew its holdings in shares of PepsiCo by 2.9% during the fourth quarter. Summit Financial Group Inc. now owns 13,611 shares of the company’s stock worth $1,860,000 after purchasing an additional 389 shares during the last quarter. Lenox Wealth Advisors LLC grew its holdings in shares of PepsiCo by 5.5% during the fourth quarter. Lenox Wealth Advisors LLC now owns 2,771 shares of the company’s stock worth $379,000 after purchasing an additional 144 shares during the last quarter. Finally, Rockland Trust Co. grew its holdings in shares of PepsiCo by 0.8% during the fourth quarter. Rockland Trust Co. now owns 205,883 shares of the company’s stock worth $28,137,000 after purchasing an additional 1,703 shares during the last quarter. Hedge funds and other institutional investors own 71.76% of the company’s stock.
PepsiCo stock traded down $0.32 during trading on Monday, hitting $129.82. 1,249,874 shares of the company were exchanged, compared to its average volume of 5,060,109. The business’s 50 day moving average is $126.43 and its 200 day moving average is $135.19. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $147.20. The company has a market capitalization of $180.57 billion, a P/E ratio of 25.27, a PEG ratio of 4.31 and a beta of 0.60. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 2.61.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. The business had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.20 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. PepsiCo’s revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 5.38 EPS for the current year.
Several analysts have recently weighed in on the company. Credit Suisse Group upgraded PepsiCo from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $138.00 to $144.00 in a report on Friday, March 27th. Cowen boosted their price target on PepsiCo from $135.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Deutsche Bank cut their price objective on PepsiCo from $145.00 to $143.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Morgan Stanley lifted their price objective on PepsiCo from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Guggenheim lifted their price objective on PepsiCo from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. PepsiCo currently has a consensus rating of “Buy” and an average price target of $141.21.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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