Lombard Odier Asset Management Switzerland SA Acquires 7,400 Shares of PepsiCo, Inc. $PEP

Lombard Odier Asset Management Switzerland SA raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,689 shares of the company’s stock after buying an additional 7,400 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in PepsiCo were worth $10,145,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PEP. Norges Bank bought a new stake in shares of PepsiCo during the 4th quarter valued at about $3,018,813,000. AQR Capital Management LLC boosted its stake in shares of PepsiCo by 120.7% during the 3rd quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock valued at $830,902,000 after purchasing an additional 3,235,726 shares in the last quarter. Amundi boosted its stake in shares of PepsiCo by 30.0% during the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after purchasing an additional 1,995,362 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of PepsiCo by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock valued at $19,875,205,000 after purchasing an additional 1,612,652 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its position in shares of PepsiCo by 151.7% during the third quarter. Caisse de depot et placement du Quebec now owns 2,597,986 shares of the company’s stock valued at $364,861,000 after purchasing an additional 1,565,883 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. HSBC lifted their price target on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research report on Friday, April 17th. TD Cowen dropped their price target on PepsiCo from $165.00 to $150.00 and set a “hold” rating on the stock in a research report on Friday, June 12th. Argus raised shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Finally, Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $167.35.

PepsiCo Trading Down 0.1%

Shares of NASDAQ PEP opened at $146.12 on Wednesday. The firm’s 50 day moving average price is $150.68 and its 200-day moving average price is $152.40. The company has a market cap of $199.71 billion, a PE ratio of 22.94, a P/E/G ratio of 2.65 and a beta of 0.35. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio is currently 92.94%.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced its 54th consecutive annual dividend increase, reinforcing its appeal as a defensive, income-generating stock at a time when Treasury yields are elevated. PepsiCo’s 3.9% Yield Is a Safe-Haven Masterclass
• Positive Sentiment: PepsiCo debuted a new limited-edition soda, which could help drive short-term consumer interest and support beverage sales. PepsiCo just debuted a new limited-edition soda that’s guaranteed to sell out
• Positive Sentiment: PepsiCo continues to highlight future growth initiatives, including experiential drinks and regenerative farming partnerships, which suggest management is still investing in new revenue streams. PepsiCo Targets Experiential Drinks And Regenerative Farming For Future Growth
• Neutral Sentiment: PepsiCo senior director Maneesha Khanna stepped down after 13 years; this looks like a personnel change rather than a material business event. PepsiCo Senior Director Maneesha Khanna steps down after 13 years
• Neutral Sentiment: PepsiCo was mentioned in articles about broader S&P 500 ideas and sustainability events, but those items do not appear to change the company’s near-term fundamentals. Sustainability LIVE Announces Final Week to Register for The Leadership Summit
• Negative Sentiment: Piper Sandler lowered its price target on PepsiCo, which can weigh on sentiment by signaling a more cautious outlook for the stock’s upside. PepsiCo (PEP) Price Target Lowered at Piper Sandler. Here is Why

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.