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Mitsubishi UFJ Trust & Banking Corp Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

PepsiCo logo with Consumer Staples background

Key Points

  • Mitsubishi UFJ Trust & Banking Corp reduced its stake in PepsiCo, Inc. by 1.6%, selling 14,034 shares for a total of 849,906 shares, representing approximately 0.06% of the company's stock.
  • PepsiCo recently declared a quarterly dividend of $1.4225 per share, which equates to an annualized dividend of $5.69 and a yield of 4.1%.
  • PepsiCo's latest earnings report revealed an EPS of $2.12, surpassing analysts' projections of $2.03, and the company's revenue for the quarter was $22.73 billion.
  • MarketBeat previews top five stocks to own in September.

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 849,906 shares of the company's stock after selling 14,034 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of PepsiCo worth $127,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in PEP. Elite Financial Inc. bought a new position in PepsiCo in the first quarter worth about $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $31,000. GKV Capital Management Co. Inc. acquired a new stake in PepsiCo during the 4th quarter valued at approximately $38,000. Bridge Generations Wealth Management LLC acquired a new position in PepsiCo during the fourth quarter valued at $38,000. Finally, Sunbeam Capital Management LLC purchased a new stake in PepsiCo in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock opened at $139.28 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business has a 50 day simple moving average of $134.63 and a 200-day simple moving average of $140.89. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The stock has a market capitalization of $190.69 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average target price of $158.73.

View Our Latest Analysis on PEP

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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