PepsiCo, Inc. $PEP Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 35,000 shares of the company’s stock after selling 22,314 shares during the period. PKO Investment Management Joint Stock Co’s holdings in PepsiCo were worth $5,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $26,000. Swiss RE Ltd. purchased a new stake in PepsiCo in the 4th quarter valued at approximately $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo during the 4th quarter valued at $29,000. Imprint Wealth LLC purchased a new position in PepsiCo during the third quarter worth $31,000. Finally, Strategic Advocates LLC purchased a new position in PepsiCo during the third quarter worth $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. UBS Group reduced their price objective on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. The Goldman Sachs Group boosted their target price on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. HSBC upped their target price on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Evercore lifted their price target on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Finally, Barclays boosted their price objective on shares of PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $167.10.

PepsiCo Stock Performance

NASDAQ PEP opened at $140.71 on Tuesday. The business’s 50-day moving average price is $149.56 and its 200 day moving average price is $152.20. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The company has a market capitalization of $192.32 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. PepsiCo’s payout ratio is presently 92.94%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.