PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by F M Investments LLC

F M Investments LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,709 shares of the company's stock after selling 19,060 shares during the quarter. F M Investments LLC's holdings in PepsiCo were worth $7,103,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEP. Assenagon Asset Management S.A. lifted its position in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after buying an additional 870,451 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after purchasing an additional 4,712 shares in the last quarter. Guinness Asset Management LTD lifted its position in PepsiCo by 5.2% in 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. WCM Investment Management LLC grew its holdings in PepsiCo by 147.6% in the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after acquiring an additional 8,759 shares during the last quarter. Finally, Everence Capital Management Inc. raised its position in shares of PepsiCo by 48.2% in the 4th quarter. Everence Capital Management Inc. now owns 56,089 shares of the company's stock worth $8,529,000 after acquiring an additional 18,250 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts have recently weighed in on PEP shares. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $169.88.

PepsiCo Price Performance

Shares of PEP traded up $0.75 during trading hours on Monday, reaching $145.18. 1,840,599 shares of the company traded hands, compared to its average volume of 6,071,732. The stock has a fifty day simple moving average of $148.37 and a 200 day simple moving average of $155.68. PepsiCo, Inc. has a fifty-two week low of $138.33 and a fifty-two week high of $183.41. The stock has a market capitalization of $199.09 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. 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 (NASDAQ:PEP - Get Free Report) last announced 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 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 the consensus estimate of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

About PepsiCo

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.