Norden Group LLC Has $884,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Norden Group LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,206 shares of the company’s stock after selling 114 shares during the quarter. Norden Group LLC’s holdings in PepsiCo were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PEP. International Assets Investment Management LLC increased its position in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $329,179,000. Flossbach Von Storch AG raised its stake in PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after buying an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after buying an additional 1,470,064 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of PepsiCo by 68.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after purchasing an additional 1,183,371 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.76 during midday trading on Tuesday, hitting $175.38. The company’s stock had a trading volume of 1,744,420 shares, compared to its average volume of 5,773,242. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The business’s 50 day simple moving average is $169.60 and its 200 day simple moving average is $168.05. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a market cap of $241.11 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.89%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

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.