Voya Investment Management LLC Has $78.17 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Voya Investment Management LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 514,040 shares of the company's stock after selling 38,668 shares during the quarter. Voya Investment Management LLC's holdings in PepsiCo were worth $78,165,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its holdings in PepsiCo by 3.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 77,130 shares of the company's stock worth $11,728,000 after buying an additional 2,405 shares during the last quarter. Burling Wealth Partners LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $3,121,000. RiverPark Advisors LLC boosted its holdings in shares of PepsiCo by 7.4% in the 4th quarter. RiverPark Advisors LLC now owns 5,361 shares of the company's stock valued at $815,000 after buying an additional 371 shares during the period. Adage Capital Partners GP L.L.C. grew its position in shares of PepsiCo by 22.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,247,779 shares of the company's stock valued at $189,737,000 after buying an additional 232,000 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in PepsiCo by 13.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,932 shares of the company's stock worth $1,659,000 after acquiring an additional 1,266 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $1.93 during trading hours on Friday, hitting $133.38. 11,537,466 shares of the company's stock were exchanged, compared to its average volume of 6,152,649. The stock has a market capitalization of $182.91 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1-year low of $131.80 and a 1-year high of $183.41. The company's 50-day moving average price is $147.70 and its 200-day moving average price is $153.79. 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 (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 4.06%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is 77.99%.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley decreased their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $162.00.

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.