Flossbach Von Storch SE Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Flossbach Von Storch SE increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 5,112,536 shares of the company’s stock after buying an additional 41,004 shares during the period. PepsiCo comprises 3.1% of Flossbach Von Storch SE’s holdings, making the stock its 13th largest position. Flossbach Von Storch SE’s holdings in PepsiCo were worth $777,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo during the 3rd quarter worth $28,000. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the 3rd quarter worth $31,000. Finally, Rakuten Securities Inc. boosted its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $145.81 on Thursday. The company’s 50-day moving average price is $149.16 and its 200-day moving average price is $162.60. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $199.98 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.97 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm posted $1.78 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Finally, Barclays decreased their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $171.47.

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.