Fjarde AP Fonden Fourth Swedish National Pension Fund Has $60.28 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in PepsiCo by 11.4%, now holding 402,008 shares, following the sale of 51,900 shares during the first quarter.
• PepsiCo's EPS reported at $2.12 for the last quarter, exceeding the consensus estimate, with quarterly revenue of $22.73 billion, which was above analysts' expectations.
• The company announced a quarterly dividend of $1.4225 per share, yielding approximately 3.8%, set to be paid on September 30th.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 402,008 shares of the company's stock after selling 51,900 shares during the period. PepsiCo accounts for about 0.7% of Fjarde AP Fonden Fourth Swedish National Pension Fund's portfolio, making the stock its 25th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in PepsiCo were worth $60,277,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PEP. Asset Management One Co. Ltd. boosted its holdings in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after acquiring an additional 21,859 shares during the last quarter. Ignite Planners LLC boosted its holdings in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares during the last quarter. Ossiam boosted its holdings in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in PepsiCo during the first quarter worth about $3,633,000. Finally, OMERS ADMINISTRATION Corp boosted its holdings in PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after buying an additional 13,461 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.73 during trading on Thursday, reaching $148.62. 6,890,929 shares of the company traded hands, compared to its average volume of 8,969,319. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The firm has a market capitalization of $203.47 billion, a PE ratio of 27.07, a PEG ratio of 3.98 and a beta of 0.45. The company's 50 day moving average is $136.99 and its two-hundred day moving average is $140.63.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $158.73.

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.