PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,126 shares of the company’s stock after selling 5,270 shares during the period. Quintet Private Bank Europe S.A.’s holdings in PepsiCo were worth $3,669,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Alesco Advisors LLC increased its holdings in shares of PepsiCo by 3.8% during the 4th quarter. Alesco Advisors LLC now owns 2,907 shares of the company’s stock worth $442,000 after buying an additional 107 shares during the last quarter. DJE Kapital AG purchased a new position in PepsiCo in the fourth quarter worth approximately $4,236,000. Sonoma Private Wealth LLC acquired a new stake in PepsiCo during the fourth quarter worth $449,000. Plato Investment Management Ltd raised its position in PepsiCo by 0.3% in the fourth quarter. Plato Investment Management Ltd now owns 53,855 shares of the company’s stock valued at $8,219,000 after purchasing an additional 142 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of PepsiCo in the 4th quarter valued at $2,125,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.0 %

Shares of NASDAQ:PEP opened at $153.47 on Monday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company’s 50 day moving average is $148.59 and its two-hundred day moving average is $161.44. The company has a market cap of $210.48 billion, a PE ratio of 22.08, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $171.47.

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.