Swiss National Bank reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,869,500 shares of the company's stock after selling 6,300 shares during the period. Swiss National Bank owned about 0.28% of PepsiCo worth $580,193,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Elite Financial Inc. purchased a new position in PepsiCo in the 1st quarter valued at approximately $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the fourth quarter valued at $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at $38,000. Bridge Generations Wealth Management LLC purchased a new stake in PepsiCo during the 4th quarter worth about $38,000. Finally, Sunbeam Capital Management LLC bought a new position in PepsiCo in the 4th quarter worth about $47,000. Institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
Shares of NASDAQ:PEP opened at $143.92 on Friday. The business has a 50-day simple moving average of $135.19 and a two-hundred day simple moving average of $140.76. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $197.04 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 3.75 and a beta of 0.45.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.28 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's payout ratio is presently 103.64%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PEP. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Finally, UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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 stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.73.
Check Out Our Latest Stock Analysis on PepsiCo
About PepsiCo
(
Free Report)
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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