PICTET BANK & TRUST Ltd Has $2.95 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

PICTET BANK & TRUST Ltd reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 39.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,650 shares of the company's stock after selling 12,805 shares during the quarter. PepsiCo comprises 3.6% of PICTET BANK & TRUST Ltd's portfolio, making the stock its 11th biggest holding. PICTET BANK & TRUST Ltd's holdings in PepsiCo were worth $2,946,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Asset Management One Co. Ltd. increased its holdings in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares during the period. Ossiam increased its stake in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after acquiring an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp raised its holdings in PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. raised its holdings in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after purchasing an additional 6,112 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PEP. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $159.75.

PepsiCo Price Performance

NASDAQ:PEP traded up $1.22 during mid-day trading on Wednesday, reaching $136.48. 9,386,258 shares of the company were exchanged, compared to its average volume of 7,030,761. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The stock has a market cap of $187.12 billion, a PE ratio of 20.07, a PEG ratio of 4.13 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The company has a fifty day moving average of $131.47 and a 200 day moving average of $142.58.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.17%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

PepsiCo Company 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.