PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,020 shares of the company’s stock after purchasing an additional 4,034 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in PepsiCo were worth $21,774,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PEP. Norges Bank acquired a new stake in PepsiCo in the fourth quarter valued at $2,686,139,000. Flossbach Von Storch AG lifted its position in shares of PepsiCo by 67.2% during the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after acquiring an additional 1,832,385 shares during the period. PineStone Asset Management Inc. boosted its stake in shares of PepsiCo by 125.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after acquiring an additional 1,523,631 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after acquiring an additional 1,470,064 shares during the period. Finally, Franklin Resources Inc. increased its stake in PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after purchasing an additional 1,345,065 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.2 %

Shares of PEP traded up $2.03 during mid-day trading on Tuesday, reaching $175.85. The company had a trading volume of 5,327,154 shares, compared to its average volume of 5,478,772. The stock has a market cap of $241.54 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 3.00 and a beta of 0.52. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The firm has a fifty day simple moving average of $168.46 and a 200-day simple moving average of $170.59. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The firm had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.09 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s payout ratio is 78.66%.

Analyst Ratings Changes

PEP has been the topic of several research reports. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company cut their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. TD Cowen dropped their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research note on Friday, July 19th. Finally, Morgan Stanley cut their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $185.53.

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.