China Universal Asset Management Co. Ltd. Sells 6,577 Shares of PepsiCo, Inc. $PEP

China Universal Asset Management Co. Ltd. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,810 shares of the company’s stock after selling 6,577 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in PepsiCo were worth $4,728,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $25,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo in the second quarter valued at $29,000. Vermillion & White Wealth Management Group LLC increased its position in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Finally, Binnacle Investments Inc lifted its position in shares of PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.1%

PEP stock opened at $150.65 on Friday. The business has a 50 day moving average of $147.30 and a 200 day moving average of $142.29. The firm has a market cap of $205.99 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 5.20 and a beta of 0.42. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s payout ratio is 108.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. UBS Group reiterated a “buy” rating and set a $172.00 target price on shares of PepsiCo in a report on Tuesday. BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Wall Street Zen raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Jefferies Financial Group increased their price objective on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $158.35.

About PepsiCo

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.