Raab & Moskowitz Asset Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,876 shares of the company’s stock after buying an additional 155 shares during the period. PepsiCo accounts for 1.8% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in PepsiCo were worth $4,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Norges Bank bought a new position in PepsiCo in the 4th quarter worth approximately $2,066,514,000. Magellan Asset Management Ltd boosted its holdings in PepsiCo by 32.1% in the 4th quarter. Magellan Asset Management Ltd now owns 13,983,914 shares of the company’s stock valued at $2,073,814,000 after purchasing an additional 3,396,536 shares during the period. Flossbach Von Storch AG boosted its holdings in PepsiCo by 109.0% in the 4th quarter. Flossbach Von Storch AG now owns 3,891,842 shares of the company’s stock valued at $577,160,000 after purchasing an additional 2,029,512 shares during the period. Nuveen Asset Management LLC boosted its holdings in PepsiCo by 13.3% in the 4th quarter. Nuveen Asset Management LLC now owns 11,188,907 shares of the company’s stock valued at $1,659,315,000 after purchasing an additional 1,312,672 shares during the period. Finally, Morgan Stanley raised its position in shares of PepsiCo by 9.5% during the 4th quarter. Morgan Stanley now owns 12,927,926 shares of the company’s stock valued at $1,917,210,000 after buying an additional 1,122,678 shares in the last quarter. 69.94% of the stock is owned by institutional investors.

PepsiCo stock traded down $0.14 during trading hours on Tuesday, hitting $145.65. The stock had a trading volume of 87,108 shares, compared to its average volume of 5,645,717. 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 stock has a market capitalization of $201.23 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a 12-month low of $126.53 and a 12-month high of $148.77. The stock’s 50-day moving average price is $141.53 and its 200-day moving average price is $140.48.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were issued a dividend of $1.0225 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.09 annualized dividend and a dividend yield of 2.81%. PepsiCo’s payout ratio is 73.96%.

PEP has been the topic of several research reports. Credit Suisse Group raised their price objective on shares of PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. UBS Group upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $165.00 in a research report on Tuesday, April 27th. Wolfe Research started coverage on shares of PepsiCo in a research report on Monday, April 19th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $145.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, April 22nd. Finally, Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Friday, February 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $149.23.

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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