Mn Services Vermogensbeheer B.V. Has $90.43 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 531,769 shares of the company’s stock after selling 11,700 shares during the quarter. PepsiCo makes up approximately 0.6% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 27th largest position. Mn Services Vermogensbeheer B.V.’s holdings in PepsiCo were worth $90,427,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in PepsiCo by 17,113.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock worth $547,626,000 after purchasing an additional 3,201,676 shares during the last quarter. Flossbach Von Storch AG grew its position in PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after buying an additional 1,832,385 shares in the last quarter. Swedbank AB increased its stake in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after acquiring an additional 1,592,343 shares during the period. PineStone Asset Management Inc. raised its holdings in PepsiCo by 125.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock valued at $452,003,000 after acquiring an additional 1,523,631 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of PepsiCo by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after purchasing an additional 905,468 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP traded up $0.53 during midday trading on Monday, hitting $166.12. The company had a trading volume of 670,403 shares, compared to its average volume of 5,445,768. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The firm’s 50-day simple moving average is $173.03 and its 200-day simple moving average is $172.25. The company has a market capitalization of $227.91 billion, a PE ratio of 24.42, a P/E/G ratio of 3.09 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.25 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $183.92.

PepsiCo Company 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.