PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 292.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,559,081 shares of the company's stock after acquiring an additional 1,162,315 shares during the quarter. APG Asset Management N.V. owned 0.11% of PepsiCo worth $228,946,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after purchasing an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after acquiring an additional 4,712 shares in the last quarter. Guinness Asset Management LTD raised its stake in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after acquiring an additional 61,541 shares in the last quarter. WCM Investment Management LLC grew its stake in PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after purchasing an additional 8,759 shares in the last quarter. Finally, Everence Capital Management Inc. raised its position in PepsiCo by 48.2% in the 4th quarter. Everence Capital Management Inc. now owns 56,089 shares of the company's stock valued at $8,529,000 after purchasing an additional 18,250 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $0.29 during trading on Friday, reaching $144.43. The company had a trading volume of 8,560,319 shares, compared to its average volume of 6,085,688. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock's fifty day moving average price is $148.37 and its 200 day moving average price is $155.78. PepsiCo, Inc. has a fifty-two week low of $138.33 and a fifty-two week high of $183.41. The firm has a market capitalization of $198.06 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the business earned $1.78 EPS. The business's revenue was down .2% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. Citigroup lowered their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. HSBC dropped their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $169.88.

PepsiCo Profile

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.