Union Bancaire Privee UBP SA Acquires New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Union Bancaire Privee UBP SA purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 63,985 shares of the company’s stock, valued at approximately $9,268,000.

A number of other institutional investors also recently modified their holdings of the company. Apexium Financial LP boosted its position in PepsiCo by 152.6% during the 4th quarter. Apexium Financial LP now owns 4,473 shares of the company’s stock worth $686,000 after acquiring an additional 2,702 shares during the last quarter. Capital Asset Advisory Services LLC increased its holdings in shares of PepsiCo by 0.9% during the 4th quarter. Capital Asset Advisory Services LLC now owns 26,261 shares of the company’s stock worth $3,930,000 after acquiring an additional 232 shares during the last quarter. Blue Trust Inc. raised its stake in PepsiCo by 16.4% in the 4th quarter. Blue Trust Inc. now owns 41,446 shares of the company’s stock valued at $6,302,000 after acquiring an additional 5,844 shares during the period. PFG Investments LLC increased its holdings in shares of PepsiCo by 1.3% in the fourth quarter. PFG Investments LLC now owns 56,487 shares of the company’s stock valued at $8,589,000 after purchasing an additional 704 shares during the last quarter. Finally, Granite Group Advisors LLC grew its stake in PepsiCo by 99.9% in the 4th quarter. Granite Group Advisors LLC now owns 11,703 shares of the company’s stock valued at $1,780,000 after buying an additional 5,850 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $149.12 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market capitalization of $204.59 billion, a P/E ratio of 21.99, a PEG ratio of 2.86 and a beta of 0.54. The company has a fifty day moving average price of $153.88 and a 200-day moving average price of $165.34.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PEP shares. Royal Bank of Canada lowered their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Barclays cut their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $177.00.

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.