PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by KBC Group NV

KBC Group NV lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 65.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,417 shares of the company’s stock after selling 535,184 shares during the period. KBC Group NV’s holdings in PepsiCo were worth $42,944,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Scientech Research LLC acquired a new position in PepsiCo in the 2nd quarter valued at approximately $325,000. Magnolia Capital Advisors LLC purchased a new position in shares of PepsiCo during the 2nd quarter valued at $1,421,000. Covington Investment Advisors Inc. raised its holdings in shares of PepsiCo by 1.7% during the second quarter. Covington Investment Advisors Inc. now owns 25,357 shares of the company’s stock worth $4,182,000 after acquiring an additional 429 shares in the last quarter. Invst LLC boosted its position in PepsiCo by 28.1% during the second quarter. Invst LLC now owns 2,870 shares of the company’s stock valued at $467,000 after purchasing an additional 630 shares during the last quarter. Finally, Quarry LP grew its stake in PepsiCo by 409.7% in the second quarter. Quarry LP now owns 892 shares of the company’s stock valued at $147,000 after purchasing an additional 717 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $154.61 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market cap of $212.12 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The firm has a fifty day moving average price of $153.88 and a two-hundred day moving average price of $165.35. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analysts Set New Price Targets

PEP has been the subject of several research reports. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. UBS Group reduced their target price 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. Deutsche Bank Aktiengesellschaft cut their price target 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. Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $177.00.

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.