PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Flossbach Von Storch AG

Flossbach Von Storch AG increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 121.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,727,622 shares of the company’s stock after acquiring an additional 1,495,586 shares during the quarter. PepsiCo makes up about 2.1% of Flossbach Von Storch AG’s portfolio, making the stock its 17th biggest holding. Flossbach Von Storch AG owned 0.20% of PepsiCo worth $463,259,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. DHJJ Financial Advisors Ltd. purchased a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA increased its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc purchased a new stake in PepsiCo in the 4th quarter valued at about $34,000. Avion Wealth boosted its stake in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the period. Finally, Pacific Center for Financial Services purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Jefferies Financial Group lifted their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Stock Up 1.2 %

PEP traded up $1.98 during trading hours on Wednesday, reaching $169.48. 4,007,502 shares of the stock traded hands, compared to its average volume of 5,725,734. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a market cap of $232.95 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.62 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The firm’s fifty day simple moving average is $168.58 and its two-hundred day simple moving average is $167.38.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period last year, the business earned $1.67 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

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.