Ossiam Has $11.19 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ossiam raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 138.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,604 shares of the company's stock after purchasing an additional 42,793 shares during the quarter. Ossiam's holdings in PepsiCo were worth $11,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in PepsiCo by 0.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 239,784 shares of the company's stock worth $36,462,000 after acquiring an additional 2,054 shares during the period. Capital Research Global Investors boosted its stake in shares of PepsiCo by 7.4% in the fourth quarter. Capital Research Global Investors now owns 12,048,646 shares of the company's stock valued at $1,832,116,000 after purchasing an additional 831,148 shares during the period. Dimensional Fund Advisors LP increased its stake in PepsiCo by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,748,894 shares of the company's stock worth $1,178,295,000 after buying an additional 159,081 shares during the period. First Trust Advisors LP lifted its holdings in PepsiCo by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,682,445 shares of the company's stock worth $255,833,000 after buying an additional 137,736 shares in the last quarter. Finally, Fidelity National Financial Inc. purchased a new position in PepsiCo in the 4th quarter valued at about $22,809,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on PEP shares. BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday. TD Cowen dropped 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $167.24.

PepsiCo Price Performance

Shares of PEP stock traded down $2.25 during trading hours on Wednesday, hitting $141.21. 3,814,412 shares of the company's stock were exchanged, compared to its average volume of 6,104,290. The stock's 50-day moving average is $148.10 and its 200-day moving average is $154.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 52 week low of $138.33 and a 52 week high of $183.41. The stock has a market cap of $193.64 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the company posted $1.78 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given 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 yield of 3.84%. PepsiCo's payout ratio is 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.