PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 643,393 shares of the company's stock after purchasing an additional 22,008 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in PepsiCo were worth $103,594,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth about $28,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter worth about $28,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the fourth quarter worth about $31,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEP. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Stock Performance

PepsiCo stock traded up $2.86 during trading hours on Tuesday, hitting $144.56. The stock had a trading volume of 2,630,055 shares, compared to its average volume of 7,229,519. The company has a 50-day moving average of $132.23 and a two-hundred day moving average of $141.04. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company has a market cap of $197.92 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.28 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.94%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 103.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.