Achmea Investment Management B.V. cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,807 shares of the company’s stock after selling 5,390 shares during the quarter. PepsiCo comprises about 0.7% of Achmea Investment Management B.V.’s portfolio, making the stock its 29th biggest holding. Achmea Investment Management B.V.’s holdings in PepsiCo were worth $17,751,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV lifted its position in shares of PepsiCo by 10,787.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 10,887 shares of the company’s stock valued at $100,000 after acquiring an additional 10,787 shares during the period. WealthTrust Arizona LLC lifted its position in shares of PepsiCo by 268.7% during the 3rd quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock valued at $124,000 after acquiring an additional 806 shares during the period. Fort L.P. bought a new stake in shares of PepsiCo during the 2nd quarter valued at $125,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of PepsiCo by 196.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,119 shares of the company’s stock valued at $125,000 after acquiring an additional 741 shares during the period. Finally, Canton Hathaway LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at $127,000. Institutional investors and hedge funds own 70.07% of the company’s stock.
Shares of PEP opened at $108.16 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The company has a market capitalization of $151.73 billion, a PE ratio of 20.68, a P/E/G ratio of 2.61 and a beta of 0.67.
The business also recently declared a quarterly dividend, which was paid on Monday, January 7th. Stockholders of record on Friday, December 7th were given a $0.9275 dividend. The ex-dividend date was Thursday, December 6th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.43%. PepsiCo’s dividend payout ratio is currently 70.94%.
In other news, EVP David Yawman sold 12,024 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total value of $1,286,447.76. Following the sale, the executive vice president now directly owns 59,133 shares of the company’s stock, valued at approximately $6,326,639.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mike Spanos sold 20,074 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total value of $2,256,719.08. Following the completion of the sale, the chief executive officer now directly owns 35,520 shares in the company, valued at $3,993,158.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 200,393 shares of company stock worth $22,075,812. Insiders own 0.27% of the company’s stock.
Several brokerages recently weighed in on PEP. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. Zacks Investment Research reaffirmed a “sell” rating on shares of PepsiCo in a report on Wednesday, November 14th. BidaskClub raised PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 12th. Finally, UBS Group initiated coverage on PepsiCo in a research note on Thursday, December 13th. They issued a “neutral” rating and a $123.00 price target for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $117.50.
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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