APG Asset Management N.V. Has $228.95 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

APG Asset Management N.V. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 292.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,559,081 shares of the company’s stock after buying an additional 1,162,315 shares during the period. APG Asset Management N.V.’s holdings in PepsiCo were worth $228,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Collier Financial acquired a new position in PepsiCo in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth $31,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $143.19 on Tuesday. The stock has a market cap of $196.36 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $140.67 and a twelve month high of $183.41. The company’s fifty day moving average is $149.10 and its 200 day moving average is $156.72.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.79%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analyst Weigh In

Several equities analysts have commented on PEP shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $169.88.

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.