AEGON ASSET MANAGEMENT UK Plc Sells 54,898 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AEGON ASSET MANAGEMENT UK Plc cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 367,980 shares of the company’s stock after selling 54,898 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in PepsiCo were worth $55,949,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Global Wealth Strategies & Associates lifted its holdings in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. Finally, Mattson Financial Services LLC bought a new position in PepsiCo in the second quarter worth $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.3 %

PepsiCo stock opened at $149.12 on Friday. The stock has a market cap of $204.59 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a fifty day moving average of $153.88 and a 200 day moving average of $165.31. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada dropped their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Barclays cut their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $177.00.

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.