PepsiCo, Inc. (NASDAQ:PEP) Stake Trimmed by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 59.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 55,942 shares of the company’s stock after selling 80,783 shares during the period. Achmea Investment Management B.V.’s holdings in PepsiCo were worth $9,227,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PEP. Gilbert & Cook Inc. grew its holdings in shares of PepsiCo by 23.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after acquiring an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC grew its stake in PepsiCo by 4.4% in the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock valued at $931,000 after purchasing an additional 229 shares in the last quarter. 9258 Wealth Management LLC increased its position in PepsiCo by 56.0% in the 4th quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after purchasing an additional 2,974 shares during the last quarter. Gryphon Financial Partners LLC lifted its holdings in shares of PepsiCo by 81.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock valued at $1,357,000 after buying an additional 3,635 shares during the last quarter. Finally, Apexium Financial LP grew its stake in shares of PepsiCo by 6.2% in the 4th quarter. Apexium Financial LP now owns 1,859 shares of the company’s stock valued at $316,000 after buying an additional 109 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $177.25 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The company has a market cap of $243.47 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. The firm has a fifty day moving average price of $172.11 and a two-hundred day moving average price of $171.37. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $2.09 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.06%. PepsiCo’s payout ratio is 78.66%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PEP. Royal Bank of Canada reduced their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Bank of America reduced their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, July 8th. TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. reduced their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research note on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.53.

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.