UniSuper Management Pty Ltd Sells 33,465 Shares of PepsiCo, Inc. (NASDAQ:PEP)

UniSuper Management Pty Ltd reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 364,631 shares of the company's stock after selling 33,465 shares during the period. UniSuper Management Pty Ltd's holdings in PepsiCo were worth $55,446,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Morgan Stanley reduced their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $169.88.

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PepsiCo Trading Down 0.3 %

Shares of PepsiCo stock 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 firm has a market cap of $204.72 billion, a PE ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The stock has a fifty day moving average price of $149.25 and a 200 day moving average price of $158.03. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week 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 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 during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

PepsiCo Company 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.