Gulf International Bank UK Ltd Acquires 4,528 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Gulf International Bank UK Ltd raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,730 shares of the company’s stock after purchasing an additional 4,528 shares during the period. Gulf International Bank UK Ltd’s holdings in PepsiCo were worth $20,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Life Planning Partners Inc bought a new stake in PepsiCo during the fourth quarter valued at about $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo in the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo in the fourth quarter worth about $39,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Jefferies Financial Group increased their price objective on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. raised their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $187.17.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

PepsiCo Trading Up 0.4 %

NASDAQ PEP opened at $167.28 on Friday. The stock has a market capitalization of $229.97 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.72 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38. The firm has a 50-day moving average price of $173.71 and a 200 day moving average price of $170.34. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.24%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

PepsiCo Company Profile

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.