Point72 Asia Singapore Pte. Ltd. Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, Holdings Channel reports. The fund bought 1,354 shares of the company’s stock, valued at approximately $223,000.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in PepsiCo by 7.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock worth $1,673,632,000 after purchasing an additional 700,092 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PepsiCo by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock worth $1,221,089,000 after buying an additional 561,465 shares in the last quarter. Flossbach Von Storch AG increased its holdings in 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 in the last quarter. Nordea Investment Management AB raised its position in PepsiCo by 5.9% during the first quarter. Nordea Investment Management AB now owns 4,000,341 shares of the company’s stock worth $701,780,000 after acquiring an additional 221,808 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of PepsiCo by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,924,121 shares of the company’s stock valued at $686,760,000 after purchasing an additional 29,221 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. BNP Paribas began coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Bank of America decreased their price target on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group lowered their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $185.53.

PepsiCo Stock Performance

NASDAQ PEP opened at $169.69 on Friday. The business’s 50-day simple moving average is $173.77 and its 200-day simple moving average is $171.96. The firm has a market capitalization of $233.29 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.97 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.14 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio is presently 78.66%.

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.