APG Asset Management N.V. Has $228.95 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

APG Asset Management N.V. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 292.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,559,081 shares of the company’s stock after purchasing an additional 1,162,315 shares during the period. APG Asset Management N.V. owned 0.11% of PepsiCo worth $228,946,000 as of its most recent filing with the Securities and Exchange Commission.

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

PepsiCo Trading Down 2.3 %

Shares of PepsiCo stock opened at $143.19 on Tuesday. PepsiCo, Inc. has a 12-month low of $140.67 and a 12-month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business’s 50 day moving average is $149.10 and its 200-day moving average is $156.72. The stock has a market cap of $196.36 billion, a P/E ratio of 20.60, a P/E/G ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo’s dividend payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of 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 began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $169.88.

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.