PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,342 shares of the company’s stock after selling 3,158 shares during the period. PepsiCo comprises approximately 2.5% of Pensioenfonds Rail & OV’s holdings, making the stock its 24th biggest holding. Pensioenfonds Rail & OV’s holdings in PepsiCo were worth $33,537,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Edge Capital Group LLC boosted its holdings in shares of PepsiCo by 3.9% in the 4th quarter. Edge Capital Group LLC now owns 9,839 shares of the company’s stock valued at $1,671,000 after purchasing an additional 373 shares during the last quarter. Fairview Capital Investment Management LLC raised its stake in shares of PepsiCo by 4.2% in the 4th quarter. Fairview Capital Investment Management LLC now owns 3,387 shares of the company’s stock valued at $575,000 after purchasing an additional 135 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of PepsiCo by 106.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 216,291 shares of the company’s stock worth $36,735,000 after acquiring an additional 111,675 shares during the period. Crossmark Global Holdings Inc. grew its holdings in PepsiCo by 2.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 93,556 shares of the company’s stock worth $15,890,000 after buying an additional 2,141 shares in the last quarter. Finally, Morningstar Investment Management LLC increased its holdings in shares of PepsiCo by 182.0% during the fourth quarter. Morningstar Investment Management LLC now owns 8,952 shares of the company’s stock valued at $1,520,000 after purchasing an additional 5,778 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on PEP shares. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research note on Friday, July 19th. BNP Paribas started coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. TD Cowen cut their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Barclays boosted their price target on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $185.40.

PepsiCo Stock Performance

Shares of PEP stock opened at $171.38 on Wednesday. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a market cap of $235.61 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The stock has a 50-day moving average of $173.92 and a 200-day moving average of $172.17.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.14 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s dividend payout ratio is presently 78.66%.

PepsiCo 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.