Tredje AP fonden Sells 203,277 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Tredje AP fonden cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 60.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 131,700 shares of the company’s stock after selling 203,277 shares during the quarter. Tredje AP fonden’s holdings in PepsiCo were worth $20,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rakuten Securities Inc. lifted its holdings in PepsiCo by 114.6% in the fourth quarter. Rakuten Securities Inc. now owns 427 shares of the company’s stock worth $65,000 after buying an additional 228 shares during the period. Essential Planning LLC. purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $4,606,000. Great Lakes Advisors LLC raised its holdings in PepsiCo by 16.6% in the 4th quarter. Great Lakes Advisors LLC now owns 586,467 shares of the company’s stock worth $89,178,000 after acquiring an additional 83,426 shares during the last quarter. Westchester Capital Management Inc. raised its holdings in PepsiCo by 4.1% in the 4th quarter. Westchester Capital Management Inc. now owns 11,622 shares of the company’s stock worth $1,767,000 after acquiring an additional 453 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in PepsiCo by 3.7% in the 4th quarter. Truvestments Capital LLC now owns 2,834 shares of the company’s stock worth $431,000 after acquiring an additional 102 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 2.7 %

Shares of PepsiCo stock opened at $148.17 on Thursday. The company has a market capitalization of $203.22 billion, a P/E ratio of 21.32, a P/E/G ratio of 3.09 and a beta of 0.52. 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 company has a fifty day moving average of $148.82 and a 200 day moving average of $160.37. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $170.00 in a research report on Wednesday. Finally, TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.59.

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.