Mitsubishi UFJ Trust & Banking Corp Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mitsubishi UFJ Trust & Banking Corp lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 863,940 shares of the company's stock after selling 30,385 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of PepsiCo worth $131,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after purchasing an additional 870,451 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after buying an additional 4,712 shares during the last quarter. Janus Henderson Group PLC lifted its stake in PepsiCo by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after acquiring an additional 34,633 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of PepsiCo by 19.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after acquiring an additional 5,220 shares during the last quarter. Finally, Guinness Asset Management LTD raised its holdings in shares of PepsiCo by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after purchasing an additional 61,541 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have commented on PEP shares. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective for the company. Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $169.88.

PepsiCo Price Performance

PepsiCo stock traded down $0.40 during mid-day trading on Friday, reaching $149.27. 8,549,260 shares of the company's stock traded hands, compared to its average volume of 5,875,691. The company has a market cap of $204.72 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. 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 stock has a 50 day moving average of $149.25 and a two-hundred day moving average of $158.03.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 (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.