BI Asset Management Fondsmaeglerselskab A S lessened its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 245,641 shares of the company’s stock after selling 6,599 shares during the period. PepsiCo makes up about 1.2% of BI Asset Management Fondsmaeglerselskab A S’s investment portfolio, making the stock its 14th biggest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in PepsiCo were worth $44,780,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Clear Investment Research LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $25,000. Freedom Wealth Alliance LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $29,000. Silicon Valley Capital Partners bought a new stake in shares of PepsiCo during the fourth quarter worth $36,000. Carderock Capital Management Inc. bought a new position in PepsiCo in the first quarter valued at $36,000. Finally, Kepos Capital LP bought a new position in PepsiCo in the fourth quarter valued at $40,000. Institutional investors own 71.40% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $193.00 to $195.00 in a research report on Friday, July 14th. Barclays decreased their target price on shares of PepsiCo from $206.00 to $198.00 in a research report on Monday, July 10th. Argus raised their target price on shares of PepsiCo from $206.00 to $212.00 in a research report on Friday, July 14th. Evercore ISI raised their target price on shares of PepsiCo from $190.00 to $195.00 in a research report on Friday, July 14th. Finally, StockNews.com began coverage on shares of PepsiCo in a research note on Thursday, August 17th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $192.00.
Read Our Latest Stock Analysis on PEP
PepsiCo Stock Performance
Shares of NASDAQ PEP traded up $0.38 during mid-day trading on Wednesday, reaching $181.31. 1,970,650 shares of the company were exchanged, compared to its average volume of 4,629,899. PepsiCo, Inc. has a twelve month low of $160.98 and a twelve month high of $196.88. The stock has a market capitalization of $249.59 billion, a P/E ratio of 31.66, a P/E/G ratio of 2.96 and a beta of 0.52. The company’s 50-day simple moving average is $184.70 and its 200-day simple moving average is $184.67. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 2.02.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings results on Thursday, July 13th. The company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.13. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The business had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.73 billion. During the same period last year, the firm earned $1.86 earnings per share. PepsiCo’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 7.48 earnings per share for the current year.
PepsiCo Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, August 31st. PepsiCo’s dividend payout ratio is 88.62%.
PepsiCo Profile
PepsiCo, Inc manufactures, markets, distributes, and sells 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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