Siemens Fonds Invest GmbH lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 57.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,717 shares of the company's stock after selling 29,661 shares during the quarter. Siemens Fonds Invest GmbH's holdings in PepsiCo were worth $3,302,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $31,000. Institutional investors own 73.07% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on PEP. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $160.69.
Check Out Our Latest Stock Analysis on PepsiCo
PepsiCo Price Performance
PEP opened at $131.50 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm's fifty day moving average price is $141.78 and its two-hundred day moving average price is $149.90. PepsiCo, Inc. has a 1 year low of $127.87 and a 1 year high of $183.41. The company has a market capitalization of $180.30 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 3.09 and a beta of 0.47.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.
PepsiCo Profile
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Free Report)
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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