B. Metzler seel. Sohn & Co. AG Has $92 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

B. Metzler seel. Sohn & Co. AG increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 605,412 shares of the company’s stock after purchasing an additional 8,354 shares during the period. PepsiCo makes up 0.9% of B. Metzler seel. Sohn & Co. AG’s holdings, making the stock its 24th largest position. B. Metzler seel. Sohn & Co. AG’s holdings in PepsiCo were worth $92,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $2,729,565,000. Raymond James Financial Inc. bought a new position in PepsiCo in the fourth quarter valued at $589,307,000. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. State Street Corp boosted its stake in shares of PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $149.27 on Monday. The stock’s 50-day moving average is $149.25 and its 200-day moving average is $157.91. The stock has a market cap of $204.72 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Morgan Stanley reduced their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, UBS Group reduced their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price 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.