PepsiCo, Inc. $PEP Stake Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 7,891.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 253,873 shares of the company’s stock after buying an additional 250,696 shares during the period. Rakuten Investment Management Inc.’s holdings in PepsiCo were worth $36,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cypress Capital Management LLC WY grew its position in PepsiCo by 8.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after purchasing an additional 64 shares in the last quarter. United Bank boosted its holdings in PepsiCo by 3.9% in the fourth quarter. United Bank now owns 1,717 shares of the company’s stock worth $246,000 after purchasing an additional 65 shares in the last quarter. Koa Wealth Management LLC boosted its holdings in PepsiCo by 0.9% in the fourth quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after purchasing an additional 68 shares in the last quarter. Pettinga Financial Advisors LLC boosted its holdings in PepsiCo by 3.8% in the fourth quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock worth $270,000 after purchasing an additional 68 shares in the last quarter. Finally, Tiemann Investment Advisors LLC boosted its holdings in PepsiCo by 4.0% in the third quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock worth $254,000 after purchasing an additional 70 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore upped their price target on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Barclays upped their price objective on shares of PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Argus raised shares of PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company dropped their price target on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $167.35.

PepsiCo Price Performance

Shares of PEP stock opened at $146.25 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The stock has a market cap of $199.89 billion, a PE ratio of 22.96, a PEG ratio of 2.61 and a beta of 0.35. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The firm’s 50 day moving average price is $150.90 and its two-hundred day moving average price is $152.42.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s payout ratio is 92.94%.

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.