Zurcher Kantonalbank Zurich Cantonalbank Acquires 19,263 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,943 shares of the company’s stock after acquiring an additional 19,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PepsiCo were worth $89,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Paulson Wealth Management Inc. grew its stake in PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after acquiring an additional 60 shares during the period. Tcfg Wealth Management LLC lifted its holdings in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares during the period. BIP Wealth LLC lifted its holdings in PepsiCo by 1.9% during the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after acquiring an additional 67 shares during the period. Lincoln Capital LLC raised its stake in shares of PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after buying an additional 70 shares during the period. Finally, Marshall Financial Group LLC raised its stake in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after buying an additional 70 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1 %

NASDAQ PEP opened at $154.44 on Monday. The firm has a 50 day moving average of $148.80 and a two-hundred day moving average of $160.76. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $211.81 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.51%. PepsiCo’s payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of analysts recently issued reports on PEP shares. Royal Bank of Canada began coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective on the stock. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $172.35.

About PepsiCo

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.