Skandinaviska Enskilda Banken AB publ Boosts Stock Position in PepsiCo, Inc. $PEP

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,617 shares of the company’s stock after buying an additional 2,132 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in PepsiCo were worth $37,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Norges Bank purchased a new stake in shares of PepsiCo during the second quarter worth about $2,330,594,000. Nuveen LLC acquired a new stake in PepsiCo in the 1st quarter worth about $946,978,000. Laurel Wealth Advisors LLC increased its stake in PepsiCo by 14,420.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock worth $513,726,000 after buying an additional 3,863,893 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of PepsiCo during the second quarter valued at approximately $460,110,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after acquiring an additional 2,556,163 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $147.98 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $165.13. The stock’s fifty day moving average is $145.87 and its two-hundred day moving average is $140.90. The company has a market capitalization of $202.34 billion, a P/E ratio of 28.13, a P/E/G ratio of 3.56 and a beta of 0.45. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the company earned $2.31 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, December 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

Analysts Set New Price Targets

Several analysts recently commented on PEP shares. Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Bank of America increased their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Wells Fargo & Company boosted their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Finally, DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $156.90.

PepsiCo 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.