PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,755 shares of the company's stock after purchasing an additional 21,635 shares during the quarter. Daiwa Securities Group Inc.'s holdings in PepsiCo were worth $50,142,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Main Street Research LLC grew its holdings in shares of PepsiCo by 8.9% during the fourth quarter. Main Street Research LLC now owns 2,712 shares of the company's stock valued at $417,000 after purchasing an additional 221 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PepsiCo by 3.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 589,943 shares of the company's stock worth $89,707,000 after buying an additional 19,263 shares during the last quarter. Saybrook Capital NC lifted its stake in PepsiCo by 15.3% in the fourth quarter. Saybrook Capital NC now owns 16,262 shares of the company's stock valued at $2,473,000 after buying an additional 2,157 shares during the last quarter. SLT Holdings LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $416,000. Finally, Sound View Wealth Advisors Group LLC increased its holdings in shares of PepsiCo by 5.5% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 33,033 shares of the company's stock worth $5,023,000 after acquiring an additional 1,722 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP opened at $154.44 on Monday. The business has a fifty day simple moving average of $148.80 and a 200-day simple moving average of $160.76. The firm has a market cap of $211.81 billion, a PE ratio of 22.22, 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 company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid 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 3.51%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PEP shares. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Citigroup lowered their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price target 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $172.35.

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.

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