Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Has $593,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 89.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,901 shares of the company's stock after selling 32,073 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in PepsiCo were worth $593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ossiam grew its stake in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after acquiring an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp grew its stake in PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. grew its stake in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares during the last quarter. Guinness Asset Management LTD grew its stake in PepsiCo by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after acquiring an additional 61,541 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in PepsiCo in the 4th quarter valued at about $47,899,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. Citigroup reduced their target price 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. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Down 0.6%

NASDAQ:PEP traded down $0.78 on Friday, hitting $129.34. 8,116,528 shares of the company's stock traded hands, compared to its average volume of 6,461,549. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The firm has a 50-day moving average price of $139.53 and a 200-day moving average price of $148.42. The company has a market cap of $177.34 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 issued a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.40%. PepsiCo's payout ratio is 83.68%.

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.