ING Groep NV Sells 31,246 Shares of PepsiCo, Inc. (NASDAQ:PEP)

ING Groep NV lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 519,994 shares of the company's stock after selling 31,246 shares during the quarter. ING Groep NV's holdings in PepsiCo were worth $79,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Flossbach Von Storch SE increased its stake in PepsiCo by 0.8% in the fourth quarter. Flossbach Von Storch SE now owns 5,112,536 shares of the company's stock valued at $777,412,000 after acquiring an additional 41,004 shares during the period. O Brien Greene & Co. Inc boosted its stake in PepsiCo by 7.0% in the 4th quarter. O Brien Greene & Co. Inc now owns 1,757 shares of the company's stock valued at $267,000 after buying an additional 115 shares in the last quarter. Morningstar Investment Management LLC grew its position in PepsiCo by 11.2% in the fourth quarter. Morningstar Investment Management LLC now owns 3,528 shares of the company's stock valued at $536,000 after acquiring an additional 354 shares during the period. Boston Financial Mangement LLC raised its stake in PepsiCo by 0.4% during the fourth quarter. Boston Financial Mangement LLC now owns 39,394 shares of the company's stock worth $5,990,000 after acquiring an additional 152 shares in the last quarter. Finally, First Bank & Trust lifted its holdings in shares of PepsiCo by 145.0% during the fourth quarter. First Bank & Trust now owns 2,915 shares of the company's stock valued at $443,000 after acquiring an additional 1,725 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 3.0 %

Shares of PepsiCo stock traded up $4.40 during trading on Friday, reaching $153.50. 10,394,564 shares of the company were exchanged, compared to its average volume of 6,883,604. The business has a 50-day moving average price of $148.75 and a 200-day moving average price of $162.39. The firm has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 3.53%. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

Analysts Set New Price Targets

PEP has been the subject of a number of recent analyst reports. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $171.47.

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.