Global X Japan Co. Ltd. Buys 513 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Global X Japan Co. Ltd. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 20.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,022 shares of the company’s stock after purchasing an additional 513 shares during the quarter. Global X Japan Co. Ltd.’s holdings in PepsiCo were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Highline Wealth Partners LLC purchased a new position in PepsiCo in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. raised its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in PepsiCo in the third quarter worth $44,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.2 %

Shares of PEP opened at $145.35 on Friday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company’s fifty day moving average is $152.15 and its 200 day moving average is $164.39. The stock has a market capitalization of $199.42 billion, a PE ratio of 21.44, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 79.94%.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. BNP Paribas reduced their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays dropped their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $171.47.

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.