OVERSEA CHINESE BANKING Corp Ltd Purchases 1,296 Shares of PepsiCo, Inc. (NASDAQ:PEP)

OVERSEA CHINESE BANKING Corp Ltd lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 42.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,345 shares of the company’s stock after buying an additional 1,296 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in PepsiCo were worth $738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. LFA Lugano Financial Advisors SA boosted its position in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc bought a new position in PepsiCo during the fourth quarter worth $34,000. Naples Money Management LLC bought a new position in PepsiCo during the fourth quarter worth $36,000. Avion Wealth boosted its position in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the period. Finally, Financial Connections Group Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth $44,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. Barclays lifted their target price on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group lifted their target price on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Performance

PepsiCo stock opened at $174.13 on Monday. The stock has a market cap of $239.34 billion, a PE ratio of 26.50, a P/E/G ratio of 2.73 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business’s 50-day moving average price is $168.68 and its two-hundred day moving average price is $167.44. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.91%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is presently 77.02%.

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.