Ninety One UK Ltd Sells 3,275 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Ninety One UK Ltd cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,243 shares of the company’s stock after selling 3,275 shares during the period. Ninety One UK Ltd’s holdings in PepsiCo were worth $13,722,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PEP. AMF Tjanstepension AB grew its stake in shares of PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after acquiring an additional 40,031 shares in the last quarter. Czech National Bank grew its stake in PepsiCo by 6.8% during the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after buying an additional 17,833 shares in the last quarter. Insight Wealth Strategies LLC acquired a new stake in PepsiCo during the third quarter worth about $633,000. Country Trust Bank grew its stake in PepsiCo by 2.3% during the third quarter. Country Trust Bank now owns 131,428 shares of the company’s stock worth $22,349,000 after buying an additional 2,960 shares in the last quarter. Finally, Reliant Investment Management LLC grew its stake in PepsiCo by 1.2% during the third quarter. Reliant Investment Management LLC now owns 30,873 shares of the company’s stock worth $5,250,000 after buying an additional 361 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock opened at $145.66 on Thursday. The firm has a market capitalization of $199.84 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The firm has a fifty day simple moving average of $152.49 and a two-hundred day simple moving average of $164.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the business posted $1.78 EPS. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. Analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Barclays decreased their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $171.76.

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.