AMF Tjanstepension AB Sells 253,793 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AMF Tjanstepension AB decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 86.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 40,031 shares of the company’s stock after selling 253,793 shares during the period. AMF Tjanstepension AB’s holdings in PepsiCo were worth $6,087,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PEP. Collier Financial bought a new stake in PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth about $34,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $172.35.

PepsiCo Trading Down 0.1 %

Shares of PEP opened at $154.44 on Friday. The firm has a market cap of $211.81 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a 50 day moving average price of $148.80 and a 200-day moving average price of $160.86.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.51%. PepsiCo’s payout ratio is 77.99%.

PepsiCo 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.