Mutual of America Capital Management LLC Has $23.88 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Mutual of America Capital Management LLC has reduced its holdings in PepsiCo, Inc. by 3.0% during the first quarter, after selling 4,866 shares, bringing their total to 159,262 shares valued at approximately $23.88 million.
• PepsiCo reported earnings of $2.12 per share for the last quarter, surpassing the consensus estimate of $2.03, with a total revenue of $22.73 billion.
• The company recently declared a quarterly dividend of $1.4225 per share, which reflects an annualized dividend yield of 4.0%, but a high payout ratio of 103.64%.

Mutual of America Capital Management LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,262 shares of the company's stock after selling 4,866 shares during the quarter. Mutual of America Capital Management LLC's holdings in PepsiCo were worth $23,880,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth about $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at about $38,000. Bridge Generations Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $38,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent research reports. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Citigroup upped their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company upped their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Up 0.9%

Shares of PEP stock traded up $1.29 during trading hours on Friday, reaching $145.21. 5,313,480 shares of the stock traded hands, compared to its average volume of 9,539,993. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The business has a fifty day moving average price of $135.71 and a 200 day moving average price of $140.70. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $198.80 billion, a PE ratio of 26.45, a PEG ratio of 3.83 and a beta of 0.45.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

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.