PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 514,040 shares of the company's stock after selling 38,668 shares during the quarter. Voya Investment Management LLC's holdings in PepsiCo were worth $78,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Tcfg Wealth Management LLC grew its stake in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after purchasing an additional 66 shares during the period. Lincoln Capital LLC lifted its holdings in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC boosted its position in PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after purchasing an additional 70 shares during the period. Osprey Private Wealth LLC raised its position in shares of PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the period. Finally, TAGStone Capital Inc. raised its position in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target 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. UBS Group cut 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. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday. Finally, Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Trading Up 0.2 %

Shares of PEP traded up $0.23 during trading hours on Tuesday, reaching $133.99. 2,670,312 shares of the company traded hands, compared to its average volume of 6,148,706. The firm has a market cap of $183.74 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 3.09 and a beta of 0.49. 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 12-month low of $131.61 and a 12-month high of $183.41. The stock's fifty day moving average price is $147.46 and its 200 day moving average price is $153.37.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share 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 business's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.05%. PepsiCo's dividend payout ratio is presently 79.71%.

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.