Van Lanschot Kempen Investment Management N.V. Has $30.85 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 36.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,872 shares of the company’s stock after purchasing an additional 54,700 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in PepsiCo were worth $30,849,000 as of its most recent filing with the SEC.

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

PepsiCo Stock Performance

PEP opened at $142.84 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. The firm has a market cap of $195.88 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The business’s fifty day moving average is $148.16 and its 200-day moving average is $154.74.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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 firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the firm earned $1.78 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. Royal Bank of Canada assumed coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Citigroup cut their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company cut their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $168.12.

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.