Edmond DE Rothschild Holding S.A. Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Edmond DE Rothschild Holding S.A. grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,239 shares of the company's stock after acquiring an additional 4,230 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in PepsiCo were worth $9,312,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the fourth quarter worth $28,000. Collier Financial purchased a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the 4th quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2 %

Shares of NASDAQ:PEP traded down $0.27 during midday trading on Tuesday, reaching $149.67. 6,071,734 shares of the company's stock were exchanged, compared to its average volume of 5,897,074. The stock has a market cap of $205.27 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm's 50 day simple moving average is $149.30 and its two-hundred day simple moving average is $157.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $1.78 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.62%. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Evercore ISI lowered their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. HSBC lowered 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. Finally, BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target 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.