GAM Holding AG Purchases Shares of 7,030 PepsiCo, Inc. (NASDAQ:PEP)

GAM Holding AG bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,030 shares of the company's stock, valued at approximately $1,069,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of PepsiCo by 2.2% in 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 in the last quarter. Human Investing LLC bought a new position in shares of PepsiCo in the 4th quarter worth $39,000. NTV Asset Management LLC raised its position in shares of PepsiCo by 3.1% in 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 in the last quarter. Sanctuary Advisors LLC grew its stake in PepsiCo by 0.8% during the 4th quarter. Sanctuary Advisors LLC now owns 264,331 shares of the company's stock worth $40,152,000 after buying an additional 2,064 shares during the last quarter. Finally, KLCM Advisors Inc. grew its stake in PepsiCo by 252.9% during the 4th quarter. KLCM Advisors Inc. now owns 21,437 shares of the company's stock worth $3,260,000 after buying an additional 15,362 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on PEP shares. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price on the stock. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $171.47.

PepsiCo Price Performance

PepsiCo stock traded up $4.40 during midday trading on Friday, reaching $153.50. The company's stock had a trading volume of 10,586,982 shares, compared to its average volume of 6,999,466. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock's 50 day simple moving average is $148.75 and its 200 day simple moving average is $162.39. The firm has a market capitalization of $210.53 billion, a PE ratio of 22.09, a P/E/G ratio of 3.02 and a beta of 0.54.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. PepsiCo's quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Dividend Announcement

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 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) 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.