Elo Mutual Pension Insurance Co Cuts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Elo Mutual Pension Insurance Co cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,205 shares of the company's stock after selling 5,338 shares during the period. Elo Mutual Pension Insurance Co's holdings in PepsiCo were worth $19,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Collier Financial purchased a new stake in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the fourth quarter worth $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on PEP shares. Morgan Stanley cut their price objective on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. UBS Group lowered their target price 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. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and an average price target of $169.88.

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PepsiCo Trading Down 0.3 %

PEP traded down $0.40 on Friday, hitting $149.27. The company had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market cap of $204.72 billion, a P/E ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. The company's fifty day moving average price is $149.25 and its 200 day moving average price is $158.03. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the business posted $1.78 EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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 dividend yield of 3.63%. PepsiCo's dividend payout ratio is presently 77.99%.

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.