PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 621,385 shares of the company’s stock after buying an additional 42,865 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in PepsiCo were worth $100,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PEP. Collier Financial acquired a new position in PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. increased its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $34,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. StockNews.com lowered 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 note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Finally, TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $172.35.

PepsiCo Stock Down 0.1 %

PEP stock opened at $154.44 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company’s 50-day moving average price is $148.80 and its 200 day moving average price is $160.96. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company 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 (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 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.