Korea Investment CORP Has $151.59 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Korea Investment CORP decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 996,931 shares of the company's stock after selling 19,522 shares during the period. Korea Investment CORP owned approximately 0.07% of PepsiCo worth $151,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Collier Financial acquired a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter valued at $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. Citigroup decreased their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. 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 report on Wednesday, February 5th. Royal Bank of Canada assumed coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price on the stock. Finally, Evercore ISI reduced their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average price target of $169.88.

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PepsiCo Stock Performance

PEP traded down $0.40 during midday trading on Friday, reaching $149.27. The company's stock 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 company has a fifty 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 P/E ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. 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 announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. PepsiCo's revenue was down .2% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 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.