Mn Services Vermogensbeheer B.V. Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Mn Services Vermogensbeheer B.V. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 505,269 shares of the company's stock after selling 37,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in PepsiCo were worth $75,760,000 as of its most recent filing with the Securities and Exchange Commission.

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

PepsiCo Stock Performance

Shares of PEP traded down $0.34 during mid-day trading on Monday, reaching $130.51. The company had a trading volume of 3,075,689 shares, compared to its average volume of 7,890,892. The stock has a market capitalization of $178.94 billion, a P/E ratio of 18.78, a PEG ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The stock has a 50 day moving average of $134.63 and a two-hundred day moving average of $144.96. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PEP. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley decreased their price target on 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 target price on shares of PepsiCo in a report on Thursday, April 24th. Citigroup cut their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $160.69.

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.