UniSuper Management Pty Ltd Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

UniSuper Management Pty Ltd cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 364,631 shares of the company’s stock after selling 33,465 shares during the quarter. UniSuper Management Pty Ltd’s holdings in PepsiCo were worth $55,446,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PEP. Howard Capital Management Group LLC lifted its position in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the last quarter. DRW Securities LLC increased its stake in shares of PepsiCo by 59.8% in the third quarter. DRW Securities LLC now owns 4,250 shares of the company’s stock valued at $723,000 after purchasing an additional 1,591 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of PepsiCo by 7.1% during the third quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company’s stock worth $334,000 after buying an additional 130 shares during the period. FMR LLC grew its holdings in PepsiCo by 4.4% in the 3rd quarter. FMR LLC now owns 6,724,464 shares of the company’s stock worth $1,143,495,000 after buying an additional 281,318 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. raised its stake in PepsiCo by 9.8% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 5,438 shares of the company’s stock valued at $925,000 after acquiring an additional 487 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on PEP. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective on the stock. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Trading Up 2.1 %

NASDAQ:PEP opened at $148.64 on Thursday. 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 company has a market capitalization of $203.86 billion, a P/E ratio of 21.39, a P/E/G ratio of 3.09 and a beta of 0.52. The stock’s 50 day moving average price is $149.16 and its 200 day moving average price is $158.43. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.