Zurcher Kantonalbank Zurich Cantonalbank Buys 4,468 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PepsiCo by 0.8%, acquiring 4,468 additional shares to bring its total ownership to 594,411 shares, valued at approximately $89 million.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 1% at $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, with an annualized yield of 3.97%, marking a payout ratio of 103.64% as noted in their recent filing.

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 594,411 shares of the company's stock after acquiring an additional 4,468 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in PepsiCo were worth $89,126,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the period. New Age Alpha Advisors LLC boosted its position in shares of PepsiCo by 18,688.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 19,540 shares of the company's stock valued at $2,971,000 after acquiring an additional 19,436 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of PepsiCo by 11.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 844,711 shares of the company's stock valued at $128,447,000 after acquiring an additional 87,727 shares during the period. Finally, Horizon Investment Services LLC raised its stake in PepsiCo by 8.6% in the fourth quarter. Horizon Investment Services LLC now owns 1,797 shares of the company's stock valued at $273,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.7%

PEP stock opened at $143.45 on Friday. The company's 50 day moving average price is $133.58 and its 200 day moving average price is $140.99. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The firm has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 3.82 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, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.28 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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 given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.73.

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.

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