Banco de Sabadell S.A Has $2.12 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Banco de Sabadell S.A grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,907 shares of the company’s stock after buying an additional 201 shares during the period. PepsiCo makes up 1.7% of Banco de Sabadell S.A’s investment portfolio, making the stock its 28th biggest holding. Banco de Sabadell S.A’s holdings in PepsiCo were worth $2,115,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo in the 3rd quarter valued at $31,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $34,000. Finally, Human Investing LLC bought a new stake in PepsiCo in the fourth quarter valued at about $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.2 %

Shares of PEP opened at $145.45 on Friday. The stock’s fifty day simple moving average is $149.04 and its 200-day simple moving average is $159.09. The firm has a market capitalization of $199.48 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month 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.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 EPS. The company’s revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PEP. Evercore ISI cut their price target on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. TD Cowen decreased 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. Wells Fargo & Company dropped their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target for the company. One research analyst has rated the stock with a sell rating, fourteen 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 a consensus rating of “Hold” and an average price target of $169.88.

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.