Sei Investments Co. Has $58.30 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Sei Investments Co. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,389 shares of the company's stock after selling 44,759 shares during the quarter. Sei Investments Co.'s holdings in PepsiCo were worth $58,297,000 at the end of the most recent quarter.

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

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PepsiCo Stock Performance

PEP stock traded up $1.03 during mid-day trading on Thursday, reaching $149.67. 5,396,044 shares of the stock traded hands, compared to its average volume of 5,426,929. 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 business has a 50-day moving average of $149.16 and a two-hundred day moving average of $158.43. The firm has a market capitalization of $205.27 billion, a PE ratio of 21.54, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the firm posted $1.78 EPS. The company's revenue was down .2% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 3.62%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. 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 note on Friday, January 24th. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average price target of $169.88.

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.