PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,081 shares of the company’s stock after selling 2,432 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in PepsiCo were worth $3,662,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PEP. Howard Capital Management Group LLC increased its holdings in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $996,000. iSAM Funds UK Ltd purchased a new position in shares of PepsiCo during the 3rd quarter worth approximately $347,000. Dunhill Financial LLC lifted its stake in PepsiCo by 8.8% in the 3rd quarter. Dunhill Financial LLC now owns 1,813 shares of the company’s stock valued at $308,000 after buying an additional 146 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 3.1 %

Shares of NASDAQ:PEP opened at $146.61 on Monday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The stock has a 50-day simple moving average of $149.33 and a 200-day simple moving average of $156.94. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $201.05 billion, a P/E ratio of 21.09, a PEG ratio of 3.09 and a beta of 0.49.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Morgan Stanley cut their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut 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. Finally, Citigroup decreased their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $169.88.

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.