PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Amundi

Amundi lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,278,801 shares of the company’s stock after acquiring an additional 996,351 shares during the period. Amundi’s holdings in PepsiCo were worth $1,360,972,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Collier Financial acquired a new position in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter valued at $31,000. Rakuten Securities Inc. boosted its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new position in PepsiCo in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PEP shares. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Evercore ISI reduced their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $172.35.

PepsiCo Stock Down 0.1 %

Shares of PepsiCo stock opened at $154.44 on Friday. 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 firm has a market cap of $211.81 billion, a P/E ratio of 22.22, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The business has a 50-day moving average price of $148.80 and a 200 day moving average price of $160.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

About PepsiCo

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.