7,030 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by GAM Holding AG

GAM Holding AG purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,030 shares of the company’s stock, valued at approximately $1,069,000.

A number of other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in PepsiCo by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 546,123 shares of the company’s stock worth $83,043,000 after acquiring an additional 11,516 shares during the last quarter. Human Investing LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $39,000. NTV Asset Management LLC boosted its position in PepsiCo by 3.1% during the 4th quarter. NTV Asset Management LLC now owns 37,440 shares of the company’s stock worth $5,693,000 after acquiring an additional 1,127 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of PepsiCo by 0.8% in the 4th quarter. Sanctuary Advisors LLC now owns 264,331 shares of the company’s stock valued at $40,152,000 after buying an additional 2,064 shares during the last quarter. Finally, KLCM Advisors Inc. boosted its holdings in shares of PepsiCo by 252.9% in the 4th quarter. KLCM Advisors Inc. now owns 21,437 shares of the company’s stock valued at $3,260,000 after buying an additional 15,362 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.5 %

PEP stock opened at $144.10 on Wednesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The stock has a market capitalization of $197.63 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.89 and a beta of 0.54. The business’s fifty day moving average price is $149.48 and its two-hundred day moving average price is $162.84. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for 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 company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Citigroup cut their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” 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 issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $171.47.

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.