PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by PGGM Investments

PGGM Investments reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,620 shares of the company’s stock after selling 16,281 shares during the quarter. PGGM Investments’ holdings in PepsiCo were worth $20,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Transcend Capital Advisors LLC increased its stake in PepsiCo by 2.9% in the fourth quarter. Transcend Capital Advisors LLC now owns 27,671 shares of the company’s stock valued at $4,700,000 after purchasing an additional 780 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in PepsiCo by 0.6% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,523 shares of the company’s stock worth $16,224,000 after acquiring an additional 567 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in PepsiCo during the fourth quarter worth about $318,000. Intact Investment Management Inc. increased its stake in PepsiCo by 19.0% during the fourth quarter. Intact Investment Management Inc. now owns 46,900 shares of the company’s stock worth $7,965,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC increased its stake in PepsiCo by 21.5% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 93,099 shares of the company’s stock worth $15,812,000 after acquiring an additional 16,494 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $1.10 on Friday, reaching $175.58. 4,472,102 shares of the company were exchanged, compared to its average volume of 5,365,961. 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 company’s 50-day moving average is $169.40 and its two-hundred day moving average is $167.86. The firm has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the firm earned $1.50 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal 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 paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is currently 76.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Jefferies Financial Group upped their target price on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, 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 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.