Nomura Asset Management Co. Ltd. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,058,359 shares of the company's stock after selling 230,275 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.08% of PepsiCo worth $160,934,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC raised its position in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after acquiring an additional 90 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of PepsiCo by 7.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company's stock valued at $334,000 after purchasing an additional 130 shares during the period. FMR LLC boosted its holdings in PepsiCo by 4.4% during the third quarter. FMR LLC now owns 6,724,464 shares of the company's stock worth $1,143,495,000 after buying an additional 281,318 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in PepsiCo by 2.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,680 shares of the company's stock valued at $97,044,000 after buying an additional 11,226 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of PepsiCo by 30.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 69,036 shares of the company's stock worth $11,740,000 after acquiring an additional 16,200 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on PEP. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group cut 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 note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $169.88.
Read Our Latest Report on PepsiCo
PepsiCo Trading Up 1.0 %
PEP traded up $1.46 on Monday, hitting $150.73. The company had a trading volume of 3,081,790 shares, compared to its average volume of 7,129,113. 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 firm has a market cap of $206.72 billion, a P/E ratio of 21.69, a PEG ratio of 3.09 and a beta of 0.52. The company's fifty day moving average price is $149.25 and its 200 day moving average price is $157.91. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 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 the consensus estimate 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 net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. PepsiCo's dividend payout ratio (DPR) is 77.99%.
PepsiCo Company Profile
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Free Report)
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.
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