Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 11.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,928 shares of the company’s stock after selling 939 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in PepsiCo were worth $1,053,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PEP. Paulson Wealth Management Inc. increased its position in PepsiCo by 2.1% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock worth $508,000 after purchasing an additional 60 shares in the last quarter. Tcfg Wealth Management LLC increased its position in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares in the last quarter. BIP Wealth LLC increased its position in PepsiCo by 1.9% during the 3rd quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after purchasing an additional 67 shares in the last quarter. Lincoln Capital LLC increased its position in PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after purchasing an additional 70 shares in the last quarter. Finally, Marshall Financial Group LLC increased its position in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Barclays lifted their price target on PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $170.59.

PepsiCo Stock Performance

PepsiCo stock opened at $148.17 on Thursday. The stock’s 50 day moving average price is $148.82 and its 200 day moving average price is $160.37. The firm has a market capitalization of $203.22 billion, a PE ratio of 21.32, a price-to-earnings-growth 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 one year low of $141.51 and a one year high of $183.41.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.