PepsiCo, Inc. $PEP Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 9,511,450 shares of the company’s stock after buying an additional 36,953 shares during the period. Deutsche Bank AG’s holdings in PepsiCo were worth $1,365,083,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo during the fourth quarter worth about $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the third quarter worth about $31,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth about $33,000. Evolution Wealth Management Inc. raised its holdings in PepsiCo by 47.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after acquiring an additional 75 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $172.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, April 17th. UBS Group reduced their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. HSBC raised their target price on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $169.58.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $142.78 on Wednesday. The firm has a market capitalization of $195.15 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.55 and a beta of 0.35. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The firm’s 50 day moving average is $151.80 and its two-hundred day moving average is $152.45.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $1.48 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, June 5th. PepsiCo’s payout ratio is currently 92.94%.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo and Gatik launched a commercial driverless trucking deployment across Texas, Arizona, and Arkansas, signaling potential supply-chain and cost-efficiency benefits. PepsiCo and Gatik launch commercial driverless trucking deployment
• Positive Sentiment: Coverage of PepsiCo’s 41 fully driverless delivery trucks highlighted the company’s progress in autonomous logistics and helped boost investor sentiment. Driverless Trucks Are Here—and They’re Delivering Bags of Doritos
• Neutral Sentiment: Some market commentary suggested PepsiCo may be worth reconsidering after its recent pullback, reflecting a valuation debate rather than a clear new catalyst. Is It Time To Reconsider PepsiCo (PEP) After The Recent 9% Share Price Pullback

PepsiCo Company 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.