Siemens Fonds Invest GmbH Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Siemens Fonds Invest GmbH lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 57.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,717 shares of the company's stock after selling 29,661 shares during the period. Siemens Fonds Invest GmbH's holdings in PepsiCo were worth $3,302,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ossiam lifted its stake in shares of 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 period. OMERS ADMINISTRATION Corp lifted its position in PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares during the period. Hutner Capital Management Inc. increased its holdings in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of PepsiCo in the fourth quarter worth about $47,899,000. Finally, WCM Investment Management LLC lifted its holdings in shares of PepsiCo by 147.6% during the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after purchasing an additional 8,759 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.70 during midday trading on Wednesday, hitting $130.67. The company's stock had a trading volume of 8,065,460 shares, compared to its average volume of 6,516,693. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a market cap of $179.16 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business's 50 day simple moving average is $138.55 and its 200 day simple moving average is $147.72.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.35%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. UBS Group reduced their price target 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. Barclays decreased their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Morgan Stanley lowered their target price 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. Finally, CICC Research reissued a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.