Robeco Institutional Asset Management B.V. Sells 96,969 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Robeco Institutional Asset Management B.V. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 629,275 shares of the company’s stock after selling 96,969 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PepsiCo were worth $95,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Scientech Research LLC purchased a new position in PepsiCo in the second quarter valued at approximately $325,000. Invst LLC lifted its stake in PepsiCo by 28.1% in the second quarter. Invst LLC now owns 2,870 shares of the company’s stock valued at $467,000 after purchasing an additional 630 shares during the last quarter. Quarry LP lifted its stake in PepsiCo by 409.7% in the second quarter. Quarry LP now owns 892 shares of the company’s stock valued at $147,000 after purchasing an additional 717 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in PepsiCo by 2.1% in the second quarter. Pathway Financial Advisers LLC now owns 34,685 shares of the company’s stock valued at $5,692,000 after purchasing an additional 720 shares during the last quarter. Finally, Granite Bay Wealth Management LLC lifted its stake in PepsiCo by 9.3% in the second quarter. Granite Bay Wealth Management LLC now owns 25,676 shares of the company’s stock valued at $4,235,000 after purchasing an additional 2,187 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Barclays dropped their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $177.00.

PepsiCo Stock Down 2.8 %

PEP opened at $150.25 on Wednesday. The stock has a market cap of $206.14 billion, a PE ratio of 22.16, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The business’s fifty day simple moving average is $153.81 and its 200 day simple moving average is $165.28.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.61%. PepsiCo’s dividend payout ratio is presently 79.94%.

About PepsiCo

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.