PKO Investment Management Joint Stock Co Trims Holdings in PepsiCo, Inc. $PEP

PKO Investment Management Joint Stock Co reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.9% during the 1st quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the period. Caxton Associates LLP acquired a new stake in shares of PepsiCo during the first quarter worth $251,000. Sivia Capital Partners LLC grew its position in PepsiCo by 138.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after buying an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after buying an additional 3,502 shares during the period. Finally, Sei Investments Co. increased its stake in PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after buying an additional 167,707 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.9%

Shares of NASDAQ PEP opened at $140.71 on Tuesday. The stock has a market capitalization of $192.32 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.35. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The firm has a 50-day moving average price of $149.56 and a 200 day moving average price of $152.20. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared 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 represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is currently 92.94%.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. TD Cowen reduced their target price on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a research note on Friday, June 12th. HSBC increased their price target on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Piper Sandler lowered their price objective on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. The Goldman Sachs Group boosted their target price on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, BNP Paribas Exane increased their target price on PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $167.10.

About PepsiCo

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.