PepsiCo, Inc. (NASDAQ:PEP) Holdings Reduced by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,901 shares of the company’s stock after selling 3,145 shares during the period. Achmea Investment Management B.V.’s holdings in PepsiCo were worth $8,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter valued at about $31,000. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $34,000. Finally, Human Investing LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $39,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. BNP Paribas dropped their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $170.59.

PepsiCo Trading Up 0.1 %

PepsiCo stock opened at $148.34 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company’s fifty day simple moving average is $148.78 and its 200-day simple moving average is $160.29. The stock has a market cap of $203.45 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

PepsiCo 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.