PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,784 shares of the company's stock after acquiring an additional 2,054 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in PepsiCo were worth $36,462,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Collier Financial bought a new stake in PepsiCo in the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 1.6 %

Shares of NASDAQ PEP traded down $2.25 during mid-day trading on Wednesday, reaching $141.21. 3,814,412 shares of the company were exchanged, compared to its average volume of 6,104,227. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The firm has a 50-day moving average of $148.10 and a 200 day moving average of $154.48. The stock has a market cap of $193.64 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.84%. PepsiCo's payout ratio is 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PEP shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. Citigroup dropped 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. Finally, HSBC reduced their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $167.24.

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.