Edmond DE Rothschild Holding S.A. Has $9.31 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Edmond DE Rothschild Holding S.A. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,239 shares of the company’s stock after purchasing an additional 4,230 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in PepsiCo were worth $9,312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Norges Bank acquired a new position in shares of PepsiCo during the 4th quarter worth $2,729,565,000. Raymond James Financial Inc. bought a new position in shares of PepsiCo in the fourth quarter worth about $589,307,000. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 3,856,193 shares in the last quarter. State Street Corp increased its position in 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 purchasing an additional 2,775,679 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in 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 purchasing an additional 2,264,445 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. BNP Paribas dropped their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Evercore ISI reduced their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Up 0.4 %

Shares of NASDAQ PEP opened at $149.94 on Tuesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market cap of $205.64 billion, a PE ratio of 21.57, a P/E/G ratio of 3.09 and a beta of 0.52. The company’s fifty day simple moving average is $149.28 and its 200 day simple moving average is $157.72.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.