Capitolis Liquid Global Markets LLC Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Capitolis Liquid Global Markets LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 675,000 shares of the company's stock after selling 213,000 shares during the quarter. PepsiCo accounts for 1.0% of Capitolis Liquid Global Markets LLC's investment portfolio, making the stock its 24th largest position. Capitolis Liquid Global Markets LLC's holdings in PepsiCo were worth $102,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Norges Bank purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $2,729,565,000. Finally, Northern Trust Corp lifted its position in shares of PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after acquiring an additional 1,306,818 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $1.17 during midday trading on Wednesday, reaching $131.91. The company had a trading volume of 6,312,878 shares, compared to its average volume of 6,259,375. The stock has a market cap of $180.85 billion, a P/E ratio of 18.98, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company's 50 day moving average price is $144.69 and its 200 day moving average price is $151.64. PepsiCo, Inc. has a 52-week low of $130.16 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.31%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is presently 79.71%.

Analysts Set New Price Targets

PEP has been the topic of several research reports. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Barclays lowered their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. Finally, Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $160.69.

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.