Sava Infond d.o.o. Purchases Shares of 13,850 PepsiCo, Inc. (NASDAQ:PEP)

Sava Infond d.o.o. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,850 shares of the company's stock, valued at approximately $2,106,000.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in PepsiCo by 8.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,318,104 shares of the company's stock valued at $346,904,000 after acquiring an additional 189,898 shares during the period. Aviso Wealth Management lifted its position in PepsiCo by 98.2% during the fourth quarter. Aviso Wealth Management now owns 8,346 shares of the company's stock valued at $1,269,000 after purchasing an additional 4,136 shares during the period. Heritage Wealth Advisors boosted its holdings in PepsiCo by 2.5% in the fourth quarter. Heritage Wealth Advisors now owns 271,118 shares of the company's stock valued at $41,226,000 after purchasing an additional 6,735 shares during the last quarter. Graney & King LLC acquired a new stake in PepsiCo during the 4th quarter worth about $168,000. Finally, Borer Denton & Associates Inc. raised its stake in shares of PepsiCo by 1.1% during the 4th quarter. Borer Denton & Associates Inc. now owns 62,366 shares of the company's stock valued at $9,483,000 after buying an additional 667 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada began coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $169.88.

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PepsiCo Trading Down 0.3 %

Shares of NASDAQ:PEP traded down $0.40 during mid-day trading on Friday, reaching $149.27. 8,549,260 shares of the company were exchanged, compared to its average volume of 5,875,691. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm's 50-day simple moving average is $149.25 and its 200 day simple moving average is $158.03. The firm has a market cap of $204.72 billion, a price-to-earnings ratio of 21.48, a P/E/G 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS 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 company 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 firm's revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

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.