Pictet Asset Management Holding SA Acquires 87,727 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pictet Asset Management Holding SA raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,711 shares of the company's stock after buying an additional 87,727 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of PepsiCo worth $128,447,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC lifted its position in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after purchasing an additional 90 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of PepsiCo by 7.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company's stock worth $334,000 after acquiring an additional 130 shares during the period. Public Sector Pension Investment Board increased its stake in PepsiCo by 30.7% in the third quarter. Public Sector Pension Investment Board now owns 69,036 shares of the company's stock valued at $11,740,000 after acquiring an additional 16,200 shares during the last quarter. Peterson Wealth Management raised its position in PepsiCo by 0.4% during the third quarter. Peterson Wealth Management now owns 34,691 shares of the company's stock valued at $5,899,000 after purchasing an additional 153 shares in the last quarter. Finally, William Allan Corp lifted its stake in PepsiCo by 4.4% during the third quarter. William Allan Corp now owns 13,454 shares of the company's stock worth $2,288,000 after purchasing an additional 563 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

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PepsiCo Stock Down 0.2 %

Shares of NASDAQ:PEP traded down $0.23 during midday trading on Tuesday, hitting $149.71. 1,677,127 shares of the company's stock were exchanged, compared to its average volume of 5,876,047. The company has a market cap of $205.32 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a 50 day moving average price of $149.28 and a 200-day moving average price of $157.72.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results 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. The company had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 earnings per share. On average, sell-side analysts anticipate 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. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PEP. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $169.88.

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.