Achmea Investment Management B.V. Sells 5,040 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Achmea Investment Management B.V. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,861 shares of the company's stock after selling 5,040 shares during the quarter. Achmea Investment Management B.V.'s holdings in PepsiCo were worth $7,176,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter valued at approximately $31,000. Summit Securities Group LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. acquired a new position in PepsiCo in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $2.82 during trading hours on Friday, hitting $131.04. 26,530,795 shares of the stock were exchanged, compared to its average volume of 6,977,394. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The company's 50 day moving average is $131.83 and its 200 day moving average is $143.02. The firm has a market capitalization of $179.67 billion, a P/E ratio of 19.27, a P/E/G ratio of 3.68 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91.

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 the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm 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 company posted $1.61 earnings per share. PepsiCo's quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.34%. PepsiCo's dividend payout ratio is 83.68%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday. Morgan Stanley dropped their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $159.75.

About PepsiCo

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.