Norinchukin Bank The Has $11.02 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Norinchukin Bank The boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,443 shares of the company's stock after acquiring an additional 4,929 shares during the period. Norinchukin Bank The's holdings in PepsiCo were worth $11,016,000 at the end of the most recent quarter.

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Other institutional investors have also made changes to their positions in the company. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at $33,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 2.0 %

NASDAQ:PEP opened at $142.84 on Friday. The stock has a market cap of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a 50-day moving average price of $148.16 and a two-hundred day moving average price of $154.94. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the prior year, the business earned $1.78 EPS. PepsiCo's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

Analyst Ratings Changes

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A number of research firms have recently commented on PEP. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft cut 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, fourteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $168.12.

Get Our Latest Report on PepsiCo

PepsiCo Company 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.

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