Zurcher Kantonalbank Zurich Cantonalbank Purchases 11,226 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 570,680 shares of the company’s stock after buying an additional 11,226 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PepsiCo were worth $97,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Strategic Wealth Partners Ltd. boosted its stake in shares of PepsiCo by 3.1% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 3,438 shares of the company’s stock valued at $602,000 after purchasing an additional 102 shares in the last quarter. FSA Advisors Inc. grew its stake in PepsiCo by 7.6% during the first quarter. FSA Advisors Inc. now owns 1,541 shares of the company’s stock worth $270,000 after buying an additional 109 shares during the last quarter. Dodds Wealth LLC increased its holdings in shares of PepsiCo by 122.9% during the first quarter. Dodds Wealth LLC now owns 3,069 shares of the company’s stock worth $537,000 after buying an additional 1,692 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of PepsiCo by 256.1% in the first quarter. Cetera Investment Advisers now owns 461,377 shares of the company’s stock valued at $80,746,000 after acquiring an additional 331,827 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in PepsiCo by 65.9% during the 1st quarter. Cetera Advisors LLC now owns 148,850 shares of the company’s stock worth $26,050,000 after acquiring an additional 59,131 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Price Performance

PEP opened at $162.72 on Thursday. The company has a fifty day simple moving average of $168.18 and a 200 day simple moving average of $170.60. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a market cap of $223.25 billion, a P/E ratio of 24.00, a P/E/G ratio of 3.04 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $155.85 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the firm posted $2.25 earnings per share. PepsiCo’s revenue was down .6% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

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.