denkapparat Operations GmbH Buys Shares of 1,854 PepsiCo, Inc. (NASDAQ:PEP)

denkapparat Operations GmbH bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,854 shares of the company's stock, valued at approximately $282,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC increased its position in shares of PepsiCo by 4.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 130,108 shares of the company's stock valued at $19,784,000 after purchasing an additional 5,924 shares during the period. Pictet Asset Management Holding SA grew its holdings in PepsiCo by 11.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 844,711 shares of the company's stock worth $128,447,000 after acquiring an additional 87,727 shares during the period. Broadway Wealth Solutions Inc. bought a new stake in PepsiCo in the fourth quarter worth about $377,000. New Age Alpha Advisors LLC grew its stake in shares of PepsiCo by 18,688.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 19,540 shares of the company's stock worth $2,971,000 after purchasing an additional 19,436 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $2,729,565,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.7 %

Shares of PEP traded up $1.08 during mid-day trading on Monday, hitting $150.35. 3,241,712 shares of the company's stock were exchanged, compared to its average volume of 5,865,853. 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, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a fifty day moving average of $149.25 and a two-hundred day moving average of $157.91. The stock has a market cap of $206.21 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.09 and a beta of 0.52.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 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. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.60%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

PEP has been the topic of several recent research reports. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $169.88.

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.