PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by SPF Beheer BV

SPF Beheer BV lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 722,456 shares of the company’s stock after selling 10,114 shares during the quarter. PepsiCo comprises about 3.4% of SPF Beheer BV’s investment portfolio, making the stock its 11th biggest position. SPF Beheer BV owned about 0.05% of PepsiCo worth $80,487,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Highwater Wealth Management LLC purchased a new position in PepsiCo in the fourth quarter valued at about $28,000. Horan Securities Inc. increased its position in shares of PepsiCo by 460.0% during the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of PepsiCo by 50.8% during the fourth quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after acquiring an additional 201 shares during the last quarter. Ayalon Holdings Ltd. purchased a new stake in shares of PepsiCo during the fourth quarter worth about $74,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth about $93,000. Hedge funds and other institutional investors own 72.30% of the company’s stock.

A number of equities analysts recently commented on the company. BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Goldman Sachs Group upgraded PepsiCo from a “sell” rating to a “neutral” rating and lifted their target price for the company from $111.00 to $132.00 in a research note on Thursday. Jefferies Financial Group lifted their target price on PepsiCo to $119.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Bank of America restated a “buy” rating and issued a $135.00 target price (up from $130.00) on shares of PepsiCo in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. PepsiCo presently has an average rating of “Hold” and an average price target of $123.00.

In other news, CEO Vivek Sankaran sold 13,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the transaction, the chief executive officer now directly owns 90,379 shares in the company, valued at approximately $10,599,649.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

Shares of NASDAQ PEP traded up $0.08 during trading on Friday, hitting $127.09. The company had a trading volume of 6,331,152 shares, compared to its average volume of 4,500,744. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $128.26. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.85 and a current ratio of 0.94. The stock has a market capitalization of $178.16 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.12 and a beta of 0.65.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The firm had revenue of $12.88 billion for the quarter, compared to analysts’ expectations of $12.68 billion. During the same period in the previous year, the company posted $0.96 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were issued a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Thursday, February 28th. PepsiCo’s dividend payout ratio is currently 65.55%.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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