J. Safra Sarasin Holding AG Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• J. Safra Sarasin Holding AG increased its stake in PepsiCo, owning a total of 364,090 shares valued at approximately $54.6 million after acquiring an additional 2,954 shares in the first quarter.
• PepsiCo will pay a quarterly dividend of $1.4225 per share on September 30, which represents an annualized dividend of $5.69 and a yield of 4.1%.
• The company's latest earnings report showed a revenue of $22.73 billion for the quarter, exceeding analysts' expectations and returning positive earnings per share of $2.12.

J. Safra Sarasin Holding AG raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,090 shares of the company's stock after acquiring an additional 2,954 shares during the period. J. Safra Sarasin Holding AG's holdings in PepsiCo were worth $54,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Trexquant Investment LP purchased a new stake in PepsiCo in the fourth quarter valued at about $7,083,000. Bryce Point Capital LLC purchased a new stake in PepsiCo in the fourth quarter valued at about $508,000. Finally, Arete Wealth Advisors LLC increased its holdings in shares of PepsiCo by 31.0% in the fourth quarter. Arete Wealth Advisors LLC now owns 16,124 shares of the company's stock valued at $2,447,000 after purchasing an additional 3,811 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $139.28 on Friday. The company's fifty day moving average is $134.63 and its two-hundred day moving average is $140.89. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a market cap of $190.69 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. The company's quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Barclays lifted their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company lifted their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $158.73.

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.

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