Boston Partners raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,002,357 shares of the company’s stock after buying an additional 4,787 shares during the quarter. Boston Partners owned 0.14% of PepsiCo worth $218,557,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Conning Inc. lifted its stake in PepsiCo by 19.3% in the first quarter. Conning Inc. now owns 404,517 shares of the company’s stock valued at $44,153,000 after buying an additional 65,576 shares during the period. American Century Companies Inc. raised its position in shares of PepsiCo by 51.4% during the first quarter. American Century Companies Inc. now owns 4,429,044 shares of the company’s stock worth $483,430,000 after purchasing an additional 1,504,144 shares during the period. QCI Asset Management Inc. NY raised its position in shares of PepsiCo by 3.0% during the first quarter. QCI Asset Management Inc. NY now owns 145,748 shares of the company’s stock worth $15,908,000 after purchasing an additional 4,304 shares during the period. Trexquant Investment LP raised its position in shares of PepsiCo by 8.9% during the first quarter. Trexquant Investment LP now owns 46,323 shares of the company’s stock worth $5,056,000 after purchasing an additional 3,800 shares during the period. Finally, PDS Planning Inc acquired a new stake in shares of PepsiCo during the first quarter worth about $178,000. 69.68% of the stock is currently owned by hedge funds and other institutional investors.
PepsiCo opened at $105.96 on Wednesday, Marketbeat reports. The company has a quick ratio of 1.15, a current ratio of 1.28 and a debt-to-equity ratio of 2.91. The stock has a market cap of $152.57 billion, a P/E ratio of 20.26, a PEG ratio of 2.49 and a beta of 0.68. PepsiCo, Inc. has a 52-week low of $95.94 and a 52-week high of $122.51.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be issued a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, May 31st. This is an increase from PepsiCo’s previous quarterly dividend of $0.81. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.50%. PepsiCo’s dividend payout ratio (DPR) is presently 70.94%.
A number of equities research analysts have recently commented on PEP shares. TheStreet lowered PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. Goldman Sachs Group reaffirmed a “sell” rating on shares of PepsiCo in a research report on Tuesday, April 17th. BidaskClub lowered PepsiCo from a “hold” rating to a “sell” rating in a research report on Friday, April 20th. Stifel Nicolaus dropped their price target on PepsiCo from $120.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, April 27th. Finally, SunTrust Banks dropped their price target on PepsiCo to $105.00 and set a “hold” rating on the stock in a research report on Friday, April 27th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $120.36.
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.