PGGM Investments Has $21 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

PGGM Investments decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 123,620 shares of the company’s stock after selling 16,281 shares during the quarter. PGGM Investments’ holdings in PepsiCo were worth $20,996,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SS&H Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 3rd quarter valued at $5,062,000. Secure Asset Management LLC lifted its stake in shares of PepsiCo by 15.5% in the 3rd quarter. Secure Asset Management LLC now owns 2,726 shares of the company’s stock valued at $462,000 after purchasing an additional 365 shares during the period. Welch Group LLC lifted its stake in shares of PepsiCo by 0.4% in the 3rd quarter. Welch Group LLC now owns 283,067 shares of the company’s stock valued at $47,963,000 after purchasing an additional 1,076 shares during the period. Financial Strategies Group Inc. lifted its stake in shares of PepsiCo by 26.0% in the 3rd quarter. Financial Strategies Group Inc. now owns 14,368 shares of the company’s stock valued at $2,304,000 after purchasing an additional 2,967 shares during the period. Finally, Norris Perne & French LLP MI lifted its stake in shares of PepsiCo by 3.8% in the 3rd quarter. Norris Perne & French LLP MI now owns 6,415 shares of the company’s stock valued at $1,087,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Wedbush restated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ PEP traded down $1.10 during mid-day trading on Friday, hitting $175.58. The company had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. The company has a market capitalization of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. The firm has a 50-day simple moving average of $169.40 and a two-hundred day simple moving average of $167.86. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is 76.09%.

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.