BI Asset Management Fondsmaeglerselskab A S Has $36.46 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 239,784 shares of the company’s stock after purchasing an additional 2,054 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in PepsiCo were worth $36,462,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Collier Financial acquired a new position in PepsiCo during the 4th quarter worth $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $33,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PEP shares. Bank of America reaffirmed a “neutral” rating and issued a $155.00 price target (down from $185.00) on shares of PepsiCo in a research note on Tuesday. Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price target for the company. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price of $168.12.

PepsiCo Stock Performance

NASDAQ PEP opened at $142.84 on Friday. PepsiCo, Inc. has a 12-month low of $138.33 and a 12-month high of $183.41. The firm has a 50-day moving average price of $148.16 and a two-hundred day moving average price of $154.94. The company has a market capitalization of $195.88 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping 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 return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $1.78 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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 3.79%. PepsiCo’s payout ratio is 77.99%.

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.