Flossbach Von Storch SE grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,112,536 shares of the company's stock after purchasing an additional 41,004 shares during the quarter. PepsiCo makes up approximately 3.1% of Flossbach Von Storch SE's holdings, making the stock its 13th biggest holding. Flossbach Von Storch SE owned about 0.37% of PepsiCo worth $777,412,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in PepsiCo in the third quarter valued at about $28,000. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 73.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on PEP. Barclays lowered their target price on PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price objective on the stock. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average price target of $171.47.
Get Our Latest Stock Report on PEP
PepsiCo Stock Performance
Shares of PepsiCo stock traded up $4.40 during trading on Friday, hitting $153.50. 10,394,564 shares of the stock were exchanged, compared to its average volume of 6,883,604. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The stock has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a fifty day moving average price of $148.75 and a 200-day moving average price of $162.39. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The business's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.
PepsiCo Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo's dividend payout ratio (DPR) is 77.99%.
PepsiCo Company Profile
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Free Report)
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.
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