LGT Capital Partners LTD. Acquires 29,130 Shares of PepsiCo, Inc. (NASDAQ:PEP)

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LGT Capital Partners LTD. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 590,844 shares of the company’s stock after buying an additional 29,130 shares during the period. PepsiCo makes up approximately 2.7% of LGT Capital Partners LTD.’s portfolio, making the stock its 12th largest position. LGT Capital Partners LTD.’s holdings in PepsiCo were worth $83,575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. McClarren Financial Advisors Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $27,000. PrairieView Partners LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $30,000. Inspire Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $31,000. Interactive Financial Advisors bought a new position in shares of PepsiCo in the fourth quarter valued at $33,000. Finally, Catalyst Private Wealth LLC bought a new position in shares of PepsiCo in the third quarter valued at $34,000. 69.94% of the stock is owned by institutional investors.

PEP has been the subject of several analyst reports. Credit Suisse Group raised their target price on shares of PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 target price for the company in a research note on Monday, March 29th. Morgan Stanley raised their price target on PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, April 1st. Finally, Royal Bank of Canada downgraded PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target for the company. in a report on Monday, January 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $149.44.

Shares of PEP traded down $0.70 during midday trading on Thursday, reaching $146.28. 81,510 shares of the stock were exchanged, compared to its average volume of 5,706,685. PepsiCo, Inc. has a twelve month low of $126.53 and a twelve month high of $148.77. The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 2.79. The company has a market cap of $202.10 billion, a P/E ratio of 29.10, a PEG ratio of 3.63 and a beta of 0.57. The stock’s 50 day simple moving average is $138.54 and its 200 day simple moving average is $140.16.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.09. The business had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. PepsiCo’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were paid a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Thursday, March 4th. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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