Asset Management One Co. Ltd. Has $90.86 Million Stock Position in PepsiCo, Inc. $PEP

Asset Management One Co. Ltd. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 646,934 shares of the company’s stock after acquiring an additional 9,964 shares during the period. Asset Management One Co. Ltd.’s holdings in PepsiCo were worth $90,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Abacus Planning Group Inc. lifted its holdings in PepsiCo by 11.7% during the 3rd quarter. Abacus Planning Group Inc. now owns 6,654 shares of the company’s stock worth $934,000 after purchasing an additional 696 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of PepsiCo by 0.4% during the third quarter. Gateway Investment Advisers LLC now owns 294,072 shares of the company’s stock worth $41,299,000 after buying an additional 1,038 shares in the last quarter. Arrow Financial Corp boosted its position in shares of PepsiCo by 4.1% in the third quarter. Arrow Financial Corp now owns 10,480 shares of the company’s stock valued at $1,472,000 after acquiring an additional 417 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of PepsiCo by 2.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 40,208 shares of the company’s stock valued at $5,647,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Radnor Capital Management LLC increased its position in PepsiCo by 0.8% during the third quarter. Radnor Capital Management LLC now owns 19,556 shares of the company’s stock worth $2,746,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent research reports. BNP Paribas Exane cut their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Piper Sandler boosted their price target on PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, December 9th. UBS Group restated a “buy” rating and set a $172.00 price objective on shares of PepsiCo in a research note on Tuesday, December 9th. Barclays upped their target price on PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 10th. Finally, Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $158.75.

PepsiCo Trading Down 0.9%

Shares of PEP opened at $142.23 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $160.15. The firm has a market cap of $194.48 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 4.66 and a beta of 0.42. The business’s fifty day moving average is $146.37 and its 200-day moving average is $143.85.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, December 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

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.