Van Lanschot Kempen Investment Management N.V. Raises Position in PepsiCo, Inc. $PEP

Van Lanschot Kempen Investment Management N.V. increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 209,439 shares of the company’s stock after buying an additional 6,567 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in PepsiCo were worth $31,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the first quarter worth $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at about $31,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo during the first quarter valued at about $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6%

Shares of PEP stock opened at $149.55 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The firm has a fifty day moving average price of $137.79 and a 200-day moving average price of $140.48. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company has a market cap of $204.75 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 4.01 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $158.73.

About PepsiCo

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.