J. Safra Sarasin Holding AG Has $54.91 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

J. Safra Sarasin Holding AG grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 361,136 shares of the company's stock after purchasing an additional 4,085 shares during the quarter. J. Safra Sarasin Holding AG's holdings in PepsiCo were worth $54,914,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Norges Bank purchased a new position in PepsiCo in the 4th quarter worth about $2,729,565,000. Raymond James Financial Inc. acquired a new stake in shares of PepsiCo during the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after buying an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PEP shares. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $155.00 price objective (down previously from $185.00) on shares of PepsiCo in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $167.24.

PepsiCo Price Performance

PEP traded down $1.19 during midday trading on Wednesday, reaching $142.27. 7,747,503 shares of the company's stock were exchanged, compared to its average volume of 6,107,278. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business has a 50-day simple moving average of $148.10 and a two-hundred day simple moving average of $154.48. The firm has a market capitalization of $195.09 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

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, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during 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 for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid 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 3.81%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

PepsiCo Company 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.