Edmond DE Rothschild Holding S.A. Buys 38,557 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Edmond DE Rothschild Holding S.A. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 295.1% during the fourth quarter, Holdings Channel reports. The firm owned 51,624 shares of the company’s stock after purchasing an additional 38,557 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in PepsiCo were worth $8,768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA raised its position in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Life Planning Partners Inc purchased a new stake in shares of PepsiCo in the fourth quarter worth $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at $39,000. Finally, Avion Wealth increased its stake in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Finally, Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.58.

View Our Latest Stock Report on PEP

Insiders Place Their Bets

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

PepsiCo Trading Down 3.1 %

Shares of NASDAQ:PEP traded down $5.47 during trading on Tuesday, hitting $172.52. The company had a trading volume of 2,847,025 shares, compared to its average volume of 5,441,435. The stock has a market cap of $237.18 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 2.90 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company has a fifty day simple moving average of $174.71 and a two-hundred day simple moving average of $170.27. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the company earned $1.50 earnings per share. PepsiCo’s revenue was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.17 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.14%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio is presently 76.09%.

PepsiCo Profile

(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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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