Banco de Sabadell S.A Has $2.12 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Banco de Sabadell S.A lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 13,907 shares of the company’s stock after buying an additional 201 shares during the quarter. PepsiCo comprises 1.7% of Banco de Sabadell S.A’s portfolio, making the stock its 28th largest holding. Banco de Sabadell S.A’s holdings in PepsiCo were worth $2,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Tcfg Wealth Management LLC raised its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares during the period. Lincoln Capital LLC raised its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after acquiring an additional 70 shares during the period. Marshall Financial Group LLC lifted its position in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after acquiring an additional 70 shares in the last quarter. Osprey Private Wealth LLC boosted its stake in PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after purchasing an additional 70 shares during the period. Finally, Michael S. Ryan Inc. increased its holdings in PepsiCo by 3.3% during the 4th quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock worth $340,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Stock Down 1.2 %

PEP stock opened at $145.45 on Friday. The business’s 50 day simple moving average is $149.04 and its 200 day simple moving average is $159.09. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market capitalization of $199.48 billion, a PE ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’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. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

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.