Gulf International Bank UK Ltd Sells 1,188 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Gulf International Bank UK Ltd cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,882 shares of the company’s stock after selling 1,188 shares during the period. Gulf International Bank UK Ltd’s holdings in PepsiCo were worth $16,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. AMF Tjanstepension AB raised its position in shares of PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after acquiring an additional 40,031 shares during the period. Swedbank AB raised its position in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after acquiring an additional 1,592,343 shares during the period. Howard Capital Management Group LLC raised its holdings in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after buying an additional 90 shares during the period. Fidelis Capital Partners LLC raised its holdings in PepsiCo by 16.4% during the 3rd quarter. Fidelis Capital Partners LLC now owns 11,905 shares of the company’s stock worth $2,059,000 after buying an additional 1,675 shares during the period. Finally, Saybrook Capital NC raised its holdings in PepsiCo by 7.7% during the 3rd quarter. Saybrook Capital NC now owns 14,105 shares of the company’s stock worth $2,398,000 after buying an additional 1,003 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. UBS Group decreased their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their price target 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Trading Down 3.1 %

Shares of NASDAQ:PEP opened at $151.51 on Thursday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market capitalization of $207.80 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock’s 50-day simple moving average is $148.56 and its two-hundred day simple moving average is $161.80.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.58%. PepsiCo’s payout ratio is 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.