PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 86,404 shares of the company's stock after selling 2,640 shares during the period. PepsiCo makes up approximately 1.6% of IQ EQ FUND MANAGEMENT IRELAND Ltd's investment portfolio, making the stock its 8th largest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in PepsiCo were worth $13,139,000 as of its most recent SEC filing.

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

PepsiCo Trading Down 0.3 %

Shares of PEP traded down $0.40 during midday trading on Friday, reaching $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 quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a 50 day simple moving average of $149.25 and a 200-day simple moving average of $158.03. The stock has a market cap of $204.72 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The business 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 of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.63%. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

Analyst Ratings Changes

A number of brokerages have recently commented on PEP. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Barclays downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $169.88.

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.