PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by GAM Holding AG

GAM Holding AG boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 62.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,413 shares of the company’s stock after purchasing an additional 4,383 shares during the quarter. GAM Holding AG’s holdings in PepsiCo were worth $1,711,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in PepsiCo in the 4th quarter valued at $224,000. Brighton Jones LLC grew its holdings in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in PepsiCo in the 4th quarter valued at $9,268,000. Bank Pictet & Cie Europe AG grew its holdings in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after buying an additional 11,538 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in PepsiCo in the 4th quarter valued at $162,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $129.07 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market capitalization of $176.97 billion, a P/E ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. The business’s 50-day moving average is $133.19 and its two-hundred day moving average is $143.95. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. PepsiCo’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.61 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.69.

About PepsiCo

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.