PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,872 shares of the company's stock after purchasing an additional 54,700 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in PepsiCo were worth $30,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Norges Bank acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $2,729,565,000. Raymond James Financial Inc. bought a new stake in PepsiCo in the fourth quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. raised its stake in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Franklin Resources Inc. lifted its holdings in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on PEP shares. Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, 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 report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $167.24.

PepsiCo Stock Down 0.8 %

Shares of PepsiCo stock traded down $1.19 during trading hours on Wednesday, reaching $142.27. 7,747,503 shares of the company's stock were exchanged, compared to its average volume of 6,107,278. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a 50 day moving average of $148.10 and a two-hundred day moving average of $154.48. The stock has a market cap of $195.09 billion, a P/E ratio of 20.47, a P/E/G ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a fifty-two week low of $138.33 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.81%. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

PepsiCo Company 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.