denkapparat Operations GmbH Buys New Holdings in PepsiCo, Inc. (NASDAQ:PEP)

denkapparat Operations GmbH acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,854 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Orion Portfolio Solutions LLC lifted its position in shares of PepsiCo by 4.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 130,108 shares of the company’s stock worth $19,784,000 after buying an additional 5,924 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of PepsiCo by 11.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 844,711 shares of the company’s stock valued at $128,447,000 after acquiring an additional 87,727 shares during the last quarter. Broadway Wealth Solutions Inc. purchased a new position in PepsiCo in the fourth quarter worth about $377,000. New Age Alpha Advisors LLC increased its stake in PepsiCo by 18,688.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 19,540 shares of the company’s stock worth $2,971,000 after acquiring an additional 19,436 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $2,729,565,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.7 %

PepsiCo stock opened at $149.67 on Friday. The stock has a market cap of $205.27 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a 50-day moving average of $149.23 and a two-hundred day moving average of $158.37. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 10.43% and a return on equity of 58.87%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.62%. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $169.88.

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.