Union Bancaire Privee UBP SA Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Union Bancaire Privee UBP SA purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,985 shares of the company’s stock, valued at approximately $9,268,000.

Other hedge funds also recently modified their holdings of the company. Apexium Financial LP lifted its stake in PepsiCo by 152.6% in the 4th quarter. Apexium Financial LP now owns 4,473 shares of the company’s stock worth $686,000 after acquiring an additional 2,702 shares in the last quarter. Capital Asset Advisory Services LLC grew its position in PepsiCo by 0.9% during the fourth quarter. Capital Asset Advisory Services LLC now owns 26,261 shares of the company’s stock valued at $3,930,000 after purchasing an additional 232 shares in the last quarter. Blue Trust Inc. increased its stake in PepsiCo by 16.4% in the 4th quarter. Blue Trust Inc. now owns 41,446 shares of the company’s stock valued at $6,302,000 after buying an additional 5,844 shares during the period. PFG Investments LLC lifted its position in PepsiCo by 1.3% in the 4th quarter. PFG Investments LLC now owns 56,487 shares of the company’s stock worth $8,589,000 after buying an additional 704 shares in the last quarter. Finally, Granite Group Advisors LLC boosted its stake in shares of PepsiCo by 99.9% during the 4th quarter. Granite Group Advisors LLC now owns 11,703 shares of the company’s stock valued at $1,780,000 after buying an additional 5,850 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. 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 note on Wednesday, January 22nd. Wells Fargo & Company cut their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $177.00.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $149.12 on Monday. The company has a market capitalization of $204.59 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.86 and a beta of 0.54. The firm’s 50 day simple moving average is $153.88 and its 200 day simple moving average is $165.34. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) 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.