Unigestion Holding SA Sells 93,123 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Unigestion Holding SA lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 41.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 131,027 shares of the company’s stock after selling 93,123 shares during the period. Unigestion Holding SA’s holdings in PepsiCo were worth $19,921,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Tcfg Wealth Management LLC raised its position in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares in the last quarter. Lincoln Capital LLC raised its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after acquiring an additional 70 shares in the last quarter. Marshall Financial Group LLC boosted its position in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC grew its holdings in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after purchasing an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. increased its position in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $146.61 on Friday. 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 firm has a market cap of $201.05 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. The business’s 50 day moving average price is $149.33 and its 200-day moving average price is $157.07. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the previous year, the firm posted $1.78 EPS. The business’s revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced 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 77.99%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PEP shares. UBS Group cut their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Morgan Stanley reduced their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC dropped their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.