Groupama Asset Managment Has $3.51 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Groupama Asset Managment reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,135 shares of the company's stock after selling 2,934 shares during the period. Groupama Asset Managment's holdings in PepsiCo were worth $3,510,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the fourth quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in PepsiCo in the third quarter valued at approximately $31,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 target price for the company. 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 research note on Tuesday, February 4th. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $169.88.

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PepsiCo Price Performance

Shares of PEP stock traded down $0.55 on Wednesday, reaching $149.12. The company had a trading volume of 5,855,749 shares, compared to its average volume of 5,899,894. The stock has a market capitalization of $204.52 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business's 50-day moving average is $149.32 and its 200 day moving average is $157.46. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter last year, the business posted $1.78 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

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.