111 Capital Has $3.82 Million Stake in PepsiCo, Inc. $PEP

111 Capital lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,583 shares of the company’s stock after purchasing an additional 4,212 shares during the period. PepsiCo makes up about 0.8% of 111 Capital’s investment portfolio, making the stock its 21st biggest position. 111 Capital’s holdings in PepsiCo were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock valued at $19,875,205,000 after buying an additional 1,612,652 shares during the period. State Street Corp boosted its holdings in PepsiCo by 1.8% during the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock worth $8,356,155,000 after purchasing an additional 1,079,970 shares during the last quarter. Geode Capital Management LLC lifted its stake in PepsiCo by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock valued at $4,814,835,000 after acquiring an additional 360,936 shares during the last quarter. Norges Bank acquired a new stake in PepsiCo in the fourth quarter valued at $3,018,813,000. Finally, Invesco Ltd. lifted its stake in PepsiCo by 7.6% in the third quarter. Invesco Ltd. now owns 13,617,747 shares of the company’s stock valued at $1,912,476,000 after acquiring an additional 958,701 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.2%

Shares of PepsiCo stock opened at $141.92 on Friday. The company’s 50-day moving average price is $152.21 and its 200-day moving average price is $152.51. The company has a market cap of $193.97 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.58 and a beta of 0.35. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is 89.32%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Rothschild & Co Redburn raised their target price on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Argus upgraded shares of PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. BNP Paribas Exane boosted their price target on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. The Goldman Sachs Group boosted their price target on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, TD Cowen boosted their target price on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $169.58.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.