PepsiCo, Inc. $PEP Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,175,559 shares of the company’s stock after selling 1,442,188 shares during the quarter. Invesco Ltd. owned about 0.89% of PepsiCo worth $1,747,436,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Swiss RE Ltd. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $29,000. Imprint Wealth LLC purchased a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Strategic Advocates LLC acquired a new position in PepsiCo during the third quarter worth approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.02 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company has a 50-day moving average price of $150.15 and a 200 day moving average price of $152.31. The company has a market cap of $194.11 billion, a P/E ratio of 22.30, a PEG ratio of 2.57 and a beta of 0.35. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. Research analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given 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 annualized dividend and a yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is currently 92.94%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Royal Bank Of Canada cut their target price on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. BNP Paribas Exane lifted their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Rothschild & Co Redburn upped their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Barclays raised their price target on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Evercore upped their price objective on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $167.10.

PepsiCo Company 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.