Axa S.A. Has $74.38 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

AXA S.A. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 489,166 shares of the company's stock after selling 54,162 shares during the period. AXA S.A.'s holdings in PepsiCo were worth $74,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PEP. Collier Financial bought a new position in PepsiCo in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the 4th quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $33,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PEP shares. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Citigroup cut their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Up 0.1 %

NASDAQ PEP traded up $0.20 on Friday, hitting $133.75. 7,166,959 shares of the stock traded hands, compared to its average volume of 6,224,713. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $131.52 and a twelve month high of $183.41. The stock has a 50-day moving average of $145.94 and a 200 day moving average of $152.23. The company has a market capitalization of $183.38 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company posted $1.61 earnings per share. The company's revenue was down 1.8% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.05%. PepsiCo's dividend payout ratio is presently 79.71%.

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.