Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Sells 32,073 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 89.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,901 shares of the company's stock after selling 32,073 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in PepsiCo were worth $593,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the 4th quarter worth $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the 4th quarter worth $31,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. 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's stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Down 0.1%

Shares of PEP opened at $131.79 on Tuesday. The company has a market cap of $180.69 billion, a P/E ratio of 18.96, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a twelve month low of $127.87 and a twelve month high of $182.13. The company's fifty day simple moving average is $141.05 and its 200-day simple moving average is $149.19. 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 (NASDAQ:PEP - Get Free Report) last posted 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the prior year, the business earned $1.61 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company 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 $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

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.

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