Bank Julius Baer & Co. Ltd Zurich Sells 1,883 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552,299 shares of the company’s stock after selling 1,883 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in PepsiCo were worth $93,802,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. VCI Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $1,019,000. Stevens Capital Management LP increased its holdings in PepsiCo by 103.8% during the 4th quarter. Stevens Capital Management LP now owns 21,945 shares of the company’s stock worth $3,727,000 after purchasing an additional 11,178 shares during the period. Syon Capital LLC increased its holdings in PepsiCo by 31.0% during the 4th quarter. Syon Capital LLC now owns 14,840 shares of the company’s stock worth $2,520,000 after purchasing an additional 3,511 shares during the period. Meritage Portfolio Management increased its holdings in PepsiCo by 4.4% during the 4th quarter. Meritage Portfolio Management now owns 7,206 shares of the company’s stock worth $1,224,000 after purchasing an additional 307 shares during the period. Finally, Roffman Miller Associates Inc. PA increased its holdings in PepsiCo by 0.3% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 229,688 shares of the company’s stock worth $39,010,000 after purchasing an additional 652 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Down 0.4 %

Shares of PepsiCo stock traded down $0.73 during trading on Thursday, reaching $176.68. The company’s stock had a trading volume of 7,436,495 shares, compared to its average volume of 5,872,530. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a market cap of $242.85 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.69 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a 50-day simple moving average of $169.04 and a two-hundred day simple moving average of $167.70.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 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 analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.86%. PepsiCo’s dividend payout ratio is currently 76.09%.

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.